- Lenovo said that it could shift production away from China if the U.S. slaps additional tariffs on Chinese products.
- President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods.
- "We obviously are well-prepared in the event that it happens," Lenovo CFO Wai Ming told CNBC.
Chinese technology firm Lenovo 992-HK , one of the world's largest PC makers, can shift production to other countries if the U.S. slaps more tariffs on China , the company's finance chief told CNBC.
President Donald Trump has threatened an additional round of tariffs on $300 billion of Chinese imports which could include consumer electronics.
Lenovo said it has a global manufacturing footprint and could shift production elsewhere if extra tariffs were imposed on China .
"We obviously are well-prepared in the event that it happens," Lenovo CFO Wai Ming Wong told CNBC.
"We have definitely the ability to shift some of the production … from the impacted countries like China to the countries where we can continue to without, I think, without having the impact of the tariffs," he added.
Lenovo reported profit of $597 million for its fiscal year which ended March 31, from a loss of $189 million in the previous year.
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