During the 2024 annual performance briefing, Joyson Electronic addressed the implications of the U.S. tariff hikes, emphasizing that while geopolitical risks undeniably affect the automotive manufacturing industry, the company's global footprint provides a distinct advantage. Specifically, Joyson primarily services North America through its Mexican plant, which benefits from tariff exemptions under the United States-Mexico-Canada Agreement (USMCA). As a result, the overall impact on the company has been minimal. This underscores the importance of a global strategic layout in mitigating such external pressures.
