US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Lego, BMW, and Foxconn comment on Trump’s tariffs.
We’ve heard comments from Big Tech and retailers on the impact of tariffs even if they’re delayed, and now here are a few other reactions:
- Lego CEO Niels Christiansen recently said, “At this point in time, there are no tariffs. If they would come in and we would deem that they would be more of a permanent nature, then I think we will we will also find ways to deal with that.”
- BMW has confirmed it plans to absorb added costs on its imports from Mexico, but only until May 1st.
- Foxconn CEO Young Liu told investors tariffs are making things hard to predict for its customers, which includes companies like Apple and Amazon, and that some are developing plans for cooperating with Foxconn on manufacturing in the US.
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