The trade war "will have some impact, but it will be limited", Liu said.
"Twenty-five percent of our production capacity is outside of China and we have enough capacity to meet Apple's demand in the USA market", a member of the Taiwanese firm's proposed new board, Liu Young-way, said on Tuesday. Hon Hai, also known as Foxconn, is now Apple's top manufacturing partner. Now the main problem which Apple is facing is the supply of its iPhones because as we know, China is that country from where Apple gets most of its smartphones assembled. President Donald Trump, however, has threatened new tariffs on around Dollars 300 Billion worth of Chinese goods, including the iPhone.
Foxconn Technology Group, the world's largest electronics contract manufacturer and Apple's most important manufacturing partner has stated that it has the capacity to make all US-bound iPhones outside China if necessary. Most of this manufacturing occurs in China, where Foxconn operates 12 factories spread across nine cities.
Recently, Donald Trump said that if he doesn't meet Chinese President Xi Jinping next month's G-20 summit, then the United States will take more strict actions against China.
Both Bloomberg and The Wall Street Journal reported that Liu, while at an investors' conference, said Foxconn has enough capacity to meet Apple's current demand. It could also hurt consumers, who may have to field increased iPhone prices.
China is a key market for Apple - it's the firm's third largest market following the Americas and Europe.