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5/24, 5:31 AM (Source: TeleTrader)
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Lenovo CFO: We're prepared for US tariffs

Chinese computer maker Lenovo Group Ltd. is "well-prepared" in case the United States introduce more tariffs on China and can shift production to other countries, Lenovo CFO Wai Ming Wong told CNBC.

“We obviously are well-prepared in the event that it happens,” he said and added that the company has "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.”

Earlier this month, the US hiked tariffs on $200 billion worth of Chinese goods and threatened with additional tariffs.

Breaking the News / KP