When the news this week hit on President Trump’s tweets about raising tariffs on $300 billion in imports from China, I knew it deserved mention in this blog. I have been saying for quite some time about the US-China trade war that “it will get worse before it gets better”, and up to now I’ve been right. The latest round will be implemented on September 1st unless the US and China reach a deal before then, which I think is unlikely.
Reuters reported this week that Foxconn is in discussions to appoint banks to find a buyer for its LCD factory that is being built in Guangzhou. While Foxconn replied in a written statement that “As a matter of company policy, Foxconn does not respond to market rumors or speculation,” Reuters reported that multiple contacts within Foxconn were involved in the discussion. If true, the sale of such a new plant would be unprecedented in the flat panel display industry.
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