In early 2025, tech manufacturers expedited production to circumvent impending tariffs imposed by the U.S., evidencing a 24% spike in South Korea's exports compared to February. Much of this increase, including a 19.4% rise in exports to the U.S., is attributed to high demand for components like memory for AI applications and stockpiling of smartphones. Conversely, China faces challenges as manufacturers like Foxconn suspend shipments to the U.S. amidst tariff uncertainty, prompting a shift in production dynamics with Apple moving a portion of its supply chain to India.
Tech manufacturers ramped up production in early 2025 to beat impending US tariffs, resulting in a notable spike in South Korea's export figures.
Exports of key tech components like memory and smartphones surged in South Korea as buyers stocked up, anticipating price increases due to US tariffs.
China's manufacturers, facing tariff challenges, have reportedly paused shipments to the U.S., with some production lines shut down indefinitely.
A shift in production is occurring, as Apple successfully moved 20% of its iPhone production to India, which offers lower tariffs than China.
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