President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods — but Chinese PC-maker Lenovo is prepared to shift its production if that happens, says its CFO Wai Ming.
Lenovo said it has a global manufacturing footprint and could shift production elsewhere if extra tariffs were imposed on"We obviously are well-prepared in the event that it happens," Lenovo CFO Wai Ming Wong told CNBC.
"We have definitely the ability to shift some of the production … from the impacted countries like China to the countries where we can continue to without, I think, without having the impact of the tariffs," he added. Lenovo reported profit of $597 million for its fiscal year which ended March 31, from a loss of $189 million in the previous year.
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