F&P responds to potential Trump tariff on Mexico

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Friday, January 27, 2017

WELLINGTON, New Zealand – Fisher & Paykel Healthcare will consider switching manufacturing of U.S. products from Mexico to New Zealand if President Donald Trump’s administration taxes Mexican imports, Yahoo Finance reports. “We’ve got two plants, one in New Zealand and one in Mexico,” CEO Lewis Gradon told Yahoo. “We have the capacity to supply the United States from New Zealand if that makes more economic sense.” Shifting manufacturing to New Zealand would raise production costs, Gradon said. The White House has said one of the ways it is considering paying for a wall along the border with Mexico is a new 20% tax on goods coming from the country.