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Apple suppliers wary of trade war

iPhone assembler Pegatron boss mulls moving some production to the US

An Apple store in Beijing   © Reuters

TAIPEI -- Many Apple suppliers and tech industry executives are voicing concerns that a trade war between the U.S. and China will not only damage their businesses but also the industry and economic growth as a result.

Even as Washington and Beijing are negotiating to alleviate tensions, industry leaders called for moderation. "We are against trade protectionism, as it would only stall industry development and drag on economic growth," key iPhone assembler Pegatron Chairman Tung Tzu-hsien told reporters on Tuesday after the opening ceremony of the 2018 Smart City Summit & Expo in Taipei.

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