With signs the trade war between the United States and China are deepening, economists say Foxconn will continue to suffer, but in Wisconsin, there could be some benefits.
President Donald Trump tweeted last week that beginning Sept. 1, $300 billion worth of goods from China currently being taxed at 10 percent, will be subject to a 15 percent tariff. And beginning Oct. 1, $250 billion worth of other goods will be subject to tariffs of 30 percent, up from the 25 percent previously announced.
Foxconn makes more than half of its money by manufacturing Apple products in China. Because of the tariffs, the company will continue to look for ways to manufacture more products domestically, said Erik Johnson, a professor of economics at Carthage College…
- Gov Evers: Foxconn Showing More Transparency January 16, 2020
- Foxconn Confident It Will Get Tax Credits This Year December 13, 2019
- Foxconn Contracts Top $350M December 2, 2019
- Foxconn Teaches Wisconsin Managers Chinese in Taiwan November 19, 2019
- Foxconn in Wisconsin Could Help Trump in 2020 November 7, 2019
- Foxconn ‘Earn & Learn Program’ – Hiring Students Full-Time October 7, 2019
- Foxconn and University of Illinois Strike Up $100 Million Deal October 3, 2019
- As Economy Teeters, Trump’s ‘Eighth Wonder of the World’ Wobbles With It October 1, 2019
- Foxconn Holding Job Fair & ‘Tech Talk’ at UWM September 24, 2019
- Foxconn Smart Manufacturing Center Approved September 20, 2019