Chief financial officer Peihing Tsai said the company exports 100 per cent of its products to the US.
“We are working overtime now and trying our best to motivate our workers, because these 3 months will be very busy,” Tsai said. The company has managed to push out more then 30 containers the past 4 days — the amount it normally ships in a month.
President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months. They could end the era of cheap goods that Americans enjoyed for about a quarter-century before the pandemic.
Tsai said he fears distributors will abandon the factory if tariff rates go above 10 per cent. But still, he added, there’s no way the company could move production to the United States — “the cost is astronomical”.
In the end, he said, “the increased price will be have to borne by our end consumers.”
