Taiwan authorities will help Foxconn and other companies cope with new customs tariffs in the United States

This month, US President Donald Trump raised import duties on goods from Mexico and Canada up to 25 %, which naturally should affect the business companies that built their strategy for the proximity to the borders of the United States on the same continent. Taiwanese government is ready to help national manufacturers cope with the consequences of introducing increased duties on products exported from Mexico.

Image source: Foxconn

Taiwanese manufacturers have long chosen Mexico, since the proximity to the borders of the United States and more favorable economic working conditions made it possible to build a business on the territory of a southern neighbor with an eye on the sale of products in the American market. Since 1999, the number of employees of Taiwanese companies in Mexico reached 70,000 people, and this year Taiwanese companies were supposed to invest $ 4 billion in the Mexican economy. Anticipating the promised increase in duties on Mexican products, Taiwanese companies back in November, immediately after Trump’s victory in the election in the election The United States announced their readiness to develop their presence in the territory of the relevant country.

FoxConn, which in Mexico produces server systems, including solutions based on the latest NVIDIA accelerators, said at the end of last year the intentions to fix land plots in California, Wisconsin and Texas to build her enterprises on them. The competing company Quanta Computer announced intentions to invest another $ 230 million in its American representative office.

The Taiwan Ministry of Economics has spread the following content: “We can organize delegations to attend Selectusa and assistance to Taiwanese companies in obtaining support from the US authorities, in case of increasing investment in the local economy, to create a mutually beneficial business model for supplies as in the USA, So in Taiwan. ” Since it would be pointless to dispute the introduction of customs duties with increased rates, Taiwanese officials are ready to help the business deeper to take root on American land.