KeyTronic to open Vietnam factory as trade war hedge
SPOKANE VALLEY, Wash. (AP) — A Spokane Valley company will open a factory in Vietnam as a hedge against any future trade dispute between the United States and China.
Key Tronic Corp. produces electronics for other companies at factories in the U.S., China and Mexico.
The Spokesman-Review reported Wednesday that more of the company’s electronic components made in China and eventually sold in the United States are subject to tariffs, because of the Trump administration’s trade policies.
The new factory will allow Key Tronic to shift some of its production from China to Vietnam, reducing manufacturing costs and avoiding some tariffs.
Key Tronic plans to open the new factory in July.
Key Tronic employs about 5,500 people worldwide, including 250 at its Spokane Valley headquarters.
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