Author: Jon Porter
Foxconn is reportedly considering producing iPhones at the factory. | Photo by Amelia Holowaty Krales / The Verge
A number of major Asian manufacturers such as Foxconn, Pegatron, and Luxshare are considering opening new factories in Mexico, Reuters reports, responding to the coronavirus pandemic and ongoing US-China trade war. Foxconn reportedly has plans to produce iPhones at the new factory, according to two Reuters sources, although Apple isn’t thought to be directly involved at this time.
The plans are thought to have come in response to looming tariff barriers between the US and China. Reuters notes that locating factories in Mexico could allow companies to benefit from the new United States-Mexico-Canada trade agreement, allowing them to take advantage of tariff-free exports to the US under certain circumstances. The idea of encouraging firms...
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A number of major Asian manufacturers such as Foxconn, Pegatron, and Luxshare are considering opening new factories in Mexico, Reuters reports, responding to the coronavirus pandemic and ongoing US-China trade war. Foxconn reportedly has plans to produce iPhones at the new factory, according to two Reuters sources, although Apple isn’t thought to be directly involved at this time.
The plans are thought to have come in response to looming tariff barriers between the US and China. Reuters notes that locating factories in Mexico could allow companies to benefit from the new United States-Mexico-Canada trade agreement, allowing them to take advantage of tariff-free exports to the US under certain circumstances. The idea of encouraging firms...
Continue reading…
Continue reading...