Taiwan's Foxconn, the world's largest contract electronics manufacturer and Apple's main iPhone maker, can plan its production around new U.S. tariffs, the company's chairman said on Wednesday. U.S. President Donald Trump announced and then paused until March 4 an across-the-board 25% tariff on all U.

Chairman Young Liu said that the Taiwan-based company can plan its production around new U.S. tariffs, Reuters reported. Liu, who was talking to reporters at the company's headquarters in New Taipei,

With a 10% tariff on China in place and a 25% one on Mexico looming, Foxconn Chairman Young Liu also says Foxconn will 'work with our partners' in the US on manufacturing.