Apple is investigating the possibilities of a partial departure of production from China. The Japanese business magazine Nikkei Asian Review writes that on Wednesday. The tech giant would like to relocate part of the production to another country in Southeast Asia.
The business magazine writes that Apple would like to move between 15 and 30 percent of their Chinese production.
The countries that Apple would consider are Vietnam, India, Indonesia and Malaysia. Mexico is also mentioned as a possible production location. According to Nikkei Asian Review, Vietnam and India would be the favorites.
The reason for the possible move is the trade conflict between China and the United States, writes Nikkei . The maker of the iPhone, among others, would find it too risky to lean too much on production in China.
‘Extensive consultation’ Trump and Xi for G20 summit
Wednesday morning, it was announced that Chinese President Xi Jinping and US President Donald Trump will meet for the G20 Summit on 28 and 29 June. Possibly the purpose of the conversation is to reach a trade agreement.
The conflict escalated again in May, after a period where the countries seemed to be getting closer to a trade agreement. The US put the blame on China: the country would not have kept its promises at the last minute. The discussion followed the reciprocal introduction of trade rates.
In May, the US first raised import rates to $ 200 billion of Chinese goods, after which China slammed back with import rates to $ 60 billion of American goods.