Trump Tariffs Impact FTEX Fundraising
This is a Canada news story, published by Global News, that relates primarily to Ramee Mossa's news.
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Trump’s tariffs could pose problems for Canada’s hardware, chip makers - National | Globalnews.ca
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Ramee Mossa's Montreal -based power hardware company is worried about the impact of U.S. President Donald Trump 's tariffs.
FTEX makes its systems that power e-bikes, e-scooters and other micro-mobility vehicles in Malaysia with components from Taiwan .
Canada would be better off fending off impact of possible tariffs and setting its tech companies up for the long-term by looking inward.
FTEX ’s clients have moved production to Vietnam and away from China amid geopolitical tensions.
Canada doesn’t appear ready to make the move.
FTEX CEO: Tariffs would force suppliers to design our product into their product if they want to sell to Canada .
Insane’ tariffs would make it more competitive for FTEX clients to make products here rather than Asia .