TRADE SPAT: Quanta Computer Inc is scouting potential manufacturing sites around the globe in a bid to circumvent the heavy US levies, vice chairman C.C. Leung said
Date: May 15, 2019
By: Lisa Wang / Staff reporter
Contract laptop maker Quanta Computer Inc (廣達電腦) yesterday said that it is considering relocating production lines out of China to cope with potential increases in US tariffs on a wider range of Chinese imports.
Quanta’s comments came after the impact of US-China trade dispute spread to laptops and smartphones as US President Donald Trump threatened to raise the duties up to 25 percent on US$325 billion of Chinese imports after China said on Monday that it would increase tariffs to as high as 25 percent on US$60 billion of US products beginning next month.
In response to the escalation of the US-China trade dispute, Quanta vice chairman C.C. Leung (梁次震) said the company is discussing with clients and component suppliers how to speedily tackle the problem.
Quanta said it is scouting potential manufacturing sites around the globe in a bid to circumvent the heavy US levies. [FULL STORY]