On Monday, May 7th, The chairman of Apple supplier Foxconn informed U.S. President Donald Trump of his wish to act as a peacemaker between China, the United States, and self-ruled Taiwan, which Beijing claims as its own.
As per reports, Billionaire Terry Gou, who back in the previous month announced that he would run for president of Taiwan in 2020, met Trump in the previous week to debate upon the status of the Taiwan company’s planned investment in Wisconsin.
Sources close to the matter also said that Gou also mentioned that Beijing needed to acknowledge the existence of the “Republic of China,” by using Taiwan’s official name.
Furthermore, Gou also responded to critics by saying, “trying to make (me out as) ‘red’ by saying that I will be held hostage” due to Foxconn’s investments in China.
In recent times, Both The United States as well as China are in the middle of a bruising trade dispute, with the pressure being dramatically increased on Sunday, May5th by President Donald Trump, when he went on to say that he would raise U.S. tariffs on $200 billion worth of Chinese goods this week and doing the same for hundreds of billions soon.
According to Gou, he said that the trade spat might end soon, however, the broader tensions between the United States and China could prolong even further.
Reports also state that citing concerns that gears manufactured by Chinese telecom equipment makers such as Huawei Technologies might be used by Beijing spies for investigating, The United States has been pressing allies to limit the role of such companies.
Notably, any such comments have been termed as baseless by Huawei.
In an earlier statement, Foxconn had pledged to build a $10 billion campus and create 13,000 jobs in Wisconsin, however, now the company states that it has not met early hiring targets due to which it may have to reconsider its plans.
According to Gou, the investment in Wisconsin is to help the United States reshape its technology supply chain.
Back in the previous month in an interview with Reuters, he said that he plans to step down from the world’s largest contract manufacturer with the aim to pave the way for younger talent to move up the ranks of Foxconn.