Apple Considers Expansion in Brazil Factory to Mitigate Asia Tariffs

Apple Inc. is considering expanding its Foxconn factory operations in Brazil to counter rising production costs from recent tariffs imposed by the U.S. on major suppliers in China and India. This shift is due to Brazil’s relatively lower tariffs compared to Asian countries.

Apple Inc. is reportedly contemplating an expansion of its operations at the Foxconn factory located in Jundiai, Sao Paulo, to mitigate the rising production expenses in Asia. This consideration follows the implementation of new tariffs by United States President Donald Trump affecting significant Apple suppliers in China and India, as highlighted in a report by Brazilian Exame magazine.

In summary, Apple’s potential expansion in Brazil reflects the company’s strategic response to escalating production costs due to tariffs in Asia. By leveraging Foxconn’s established facility in Jundiai, Apple aims to maintain its market position while navigating global trade complexities.

Original Source: breakingthenews.net