Apple Supplier Luxshare to Maintain Vietnam Production Hub to Support U.S. Market
Luxshare Precision Industry, a key assembler of the iPhone and other Apple AAPL -4.98%decrease; red down pointing triangle products, said it will maintain large-scale production in Vietnam and continue exports from there to the U.S., responding to President Trump's tariffs.
As of Wednesday, Trump has imposed tariffs of more than 100% on Chinese goods, while the rate for Vietnam is 46%.
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Tariffs seen lifting underlying US consumer prices in May
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