Taiwan's Exports to Mexico Jump by Almost 500% Before US Tariffs [Yahoo! Finance Canada]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Taiwan's exports to Mexico surged by a record as tech companies moved production out of China, but the trade now faces uncertainty following US threats of higher tariffs on its neighbor. Taiwanese exports to Mexico jumped by 479% in January from a year earlier to reach $2.7 billion, official data shows. This is mainly driven by shipments of graphic processing units, a key components of AI servers. The surge was largely due to supply chain shifts, Taipei's Finance Ministry said in a statement Friday, as companies like Hon Hai Precision Industry Co. — also known as Foxconn — and Wistron Corp. have been building factories in Mexico to assemble AI servers destined for the US. The trade now seems at risk after President Donald Trump announced late January that he would impose 25% tariffs on imports from Mexico and Canada. The decision was later delayed for 30 days after last-minute negotiations, but the threats have caused stock prices of Taiwanese tech co
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