Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.

Foxconn Technology (OTCPK:FXCOF) said it expects a relatively low impact from potential new tariffs from U.S. President-elect Donald Trump due to the company's global manufacturing footprint, Reuters reported.

Foxconn anticipates minimal impact from U.S. tariffs under President-elect Trump, citing its extensive global manufacturing. While production shifts may occur, Foxconn's diversified locations give it an advantage over rivals.

On5, US President-elect Donald Trump announced via social media that he would sign an executive order on his first day in office, imposing a 25% tariff on imports from Mexico and Canada, and an additional 10% tariff on Chinese products.

Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint. Young Liu, chairman of the contract manufacturer and key Apple supplier,

Foxconn, a leading contract manufacturer and key Apple supplier, expects minimal impact from new U.S. tariffs under President-elect Donald Trump due to its global manufacturing presence. Chairman Young Liu indicated that clients would bear the brunt of tariffs,