Moving Apple's assembly out of China to avoid tariffs will take 'multiple years,' analyst warns
Friday, 10 May 2019 If Apple is indeed hit by proposed U.S. tariffs on Chinese imports, it could take the company "multiple years" to move assembly outside of China, according to a Morgan Stanley investor memo.
It's a rough day for markets. Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the U.S. and China intensifies. China will hike tariffs on $60 billion worth of U.S. imports, starting on June 1. The goods targeted? A broad range of...
Apple has urged the Trump administration not to proceed with tariffs of up to 25 percent on a fourth set of goods imported from China, which would impact nearly... MacRumours.com Also reported by •Reuters •9to5Mac
The US/Chinese trade war has sent ripples of concern throughout big corporations. Apple has relied almost exclusively on Chinese manufacturing and assembly for... 9to5Mac Also reported by •bizjournals •WorldNews
· Apple's biggest iPhone assembly partner, Hon Hai Precision Co., is prepared to move iPhone production outside of China if necessary, according to Bloomberg... Business Insider Also reported by •bizjournals