Xin Point mitigates U.S. tariff impact with relocation
Xin Point Holdings Limited reported today that it has successfully mitigated the impact of U.S. tariffs on its business and operations. The company announced that the majority of its U.S. customers have agreed to absorb all or a significant portion of the recently imposed tariffs. Furthermore, Xin Point has proactively negotiated with its customers and successfully arranged for the relocation of certain manufacturing processes to its production facilities in Mexico and Malaysia. To further avoid U.S. tariffs, the Group is collaborating with its customers to redirect deliveries through its Mexican operations. Select products previously manufactured in China have commenced production and shipment from the Group's facilities in Mexico since May 2025. The company will continue to monitor the situation and take steps to mitigate the impact of U.S. tariffs. Xin Point is advising its shareholders and potential investors to exercise caution when dealing in the company shares.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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