Taiwan's Foxconn says biggest challenge is US-China trade war [CNBC]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: CNBC
Taiwan's Foxconn says biggest challenge is US-China trade war Foxconn , the world's largest electronics contract manufacturer and a major supplier for Apple , said on Friday the biggest challenge the company is facing is the threat of a trade war between Washington and Beijing . President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliates against his previous announcement to target $50 billion in imports. The United States has accused China of stealing U.S. intellectual property, a charge Beijing denies. "The biggest challenge we're facing is the U.S.-China trade war. In terms of how we manage and adapt, this is something all our high-level managers are making various plans on," Chairman Terry Gou said at the company's annual general meeting. He did not elaborate on what kind of plans were under consideration. A Sino-U.S. trade war could disrupt supply chains for the technology and auto industries, sectors heavily re
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