Chinese auto-part maker APT Electronics rethinks global expansion amid Trump tariffs
APT Electronics, a Guangzhou-based supplier of automotive lighting and LED components, is taking a cautious stance on overseas expansion due to concerns about new tariffs under US President Donald Trump’s administration. Chairman David Xiao Guowei noted that while the recent 10 percent tariffs on Chinese imports won't have an immediate impact, ongoing policy changes could pose challenges, prompting a more prudent approach.
The company is also watching potential tariffs on goods from Canada and Mexico, where some clients have factories exporting to the US. Trump's threat of a 25 percent duty on these goods was postponed after discussions with the countries' leaders. APT has been considering establishing production lines in North America, Southeast Asia, and Europe since 2023, with decisions hinging on timing and costs. Despite current trade tensions, Xiao remains cautiously optimistic about US-China relations, citing open dialogue between the two nations and expressing confidence in the company's ability to navigate these challenges, similar to its resilience during the trade war in 2019.
via SCMP Full Text Feed
APT Electronics, a Guangzhou-based supplier of automotive lighting and LED components, is taking a cautious stance on overseas expansion due to concerns about new tariffs under US President Donald Trump’s administration. Chairman David Xiao Guowei noted that while the recent 10 percent tariffs on Chinese imports won't have an immediate impact, ongoing policy changes could pose challenges, prompting a more prudent approach.
The company is also watching potential tariffs on goods from Canada and Mexico, where some clients have factories exporting to the US. Trump's threat of a 25 percent duty on these goods was postponed after discussions with the countries' leaders. APT has been considering establishing production lines in North America, Southeast Asia, and Europe since 2023, with decisions hinging on timing and costs. Despite current trade tensions, Xiao remains cautiously optimistic about US-China relations, citing open dialogue between the two nations and expressing confidence in the company's ability to navigate these challenges, similar to its resilience during the trade war in 2019.
via SCMP Full Text Feed
