Apple could move 30% of production out of China
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A couple of weeks ago it was said that Apple could move part of its production outside of China. This is understandable, because on July 2 new tariffs come into force that make all kinds of products made in China, not just components, to become 25% more expensive than they already are. Therefore, the firm will take action.
Apple could move 30% of production out of China
According to new data, it could be 30% of production that the American firm is going to move out of the country. An attempt to minimize the impact of the trade war.
Move production
Although this movement that Apple has in mind does not depend solely on the company. Since in the first place it is Foxxcon who is in charge of supplying the American firm. So they also have to look for companies that are going to be able to order this production. Although a couple of weeks ago they said they were ready in case they had to move out of China.
Therefore, it seems that it is a matter of time before the transfer of production is announced. Countries such as Indonesia, India or Vietnam become in these cases the destination of many companies. We still don't know where the Cupertino people are going to move.
Apple thus follows in the footsteps of other firms such as Google or Nintendo, which have similar plans. A problem for China, which loses weight in this way in the production of many products and components. Something that would end up affecting its economy.
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