The chief executive of Taiwan’s technology giant Foxconn has confirmed his company is considering setting up a new plant in the United States.<\/p>\n
Terry Gou told reporters the investment might exceed $7bn (\u00a35.7bn).<\/p>\n
The investment by a major supplier of Apple Inc would be likely to generate thousands of jobs, if it goes ahead.<\/p>\n
The plans come after US President Donald Trump confirmed his “America First” agenda meant overturning international trade treaties.<\/p>\n
During his campaign, and since his election, Mr Trump had repeatedly threatened high import tariffs in order to encourage US and foreign companies to move production to the US.<\/p>\n
He singled out China as a significant cause of lost manufacturing jobs in the United States.<\/p>\n
Foxconn – formally known as Hon Hai Precision – has most of its factories in China where it assembles Apple’s iPhones.<\/p>\n
Last year, the firm took over Japanese electronics veteran Sharp and the display-making investment being considered in the US is thought to be under the new Sharp unit.<\/p>\n
The White House website, updated after President Trump’s inauguration, makes clear that the new administration will pursue plans to alter trading relationships with Asian countries.<\/p>\n
President Trump has also announced he will be renegotiating the North American Free Trade Agreement (Nafta) with Canada and Mexico.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
The chief executive of Taiwan’s technology giant Foxconn has confirmed his company is considering setting up a new plant in the United States. Terry Gou told reporters the investment might exceed $7bn (\u00a35.7bn). The investment by a major supplier of Apple Inc would be likely to generate thousands of jobs, if it goes ahead. The […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,718],"tags":[3303,3304,3305],"class_list":["post-287254","post","type-post","status-publish","format-standard","hentry","category-business","category-telecoms","tag-business-news","tag-foxcomm","tag-iphone"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/287254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=287254"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/287254\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=287254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=287254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=287254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}