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As the threat of hefty tariffs on imports to the US from China looms, consumer electronic products are in the crosshairs since the consumer tech space relies heavily on Chinese imports.
HP Inc. (HPQ) CEO Enrique Lores sits down with Yahoo Finance Executive Editor Brian Sozzi at the 2025 World Economic Forum in Davos, Switzerland, to discuss the potential impact of US President Donald Trump's proposed tariff policy and how it could affect the consumer computer company.
"I mean today, what the impact is going to be is still hard to know because we don't know exactly what [the actual tariff policies will look like]," Lores says, noting "We have been working on this for several quarters. We [now] have multiple scenarios, and as soon as we know what the final plan is going to be, we will put one plan in place."
"This is something that we have learned over the last years how to manage. So, I think we [now] have good expertise on how to manage that in a way that will create a minimum impact on our customers," he adds.
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"Still, especially on the PC side, China is a big manufacturing place for us," the CEO acknowledges but says the company has become amendable to supply chain disruptions. "We learned during COVID that cost couldn't be the only driver of our supply chain. We needed to improve resiliency... moving manufacturing sites to other parts of the world [from China]."
The HP CEO says, "Now the situation is much more balanced, and we think that compared to other companies in our industry, we are in a much better position." He reports that the company has stockpiled several months' worth of computer components in anticipation of US tariffs on imports from China.
Catch Yahoo Finance's full interview with HP CEO Enrique Lores here.
Click here for more of Yahoo Finance's coverage from the World Economic Forum in Davos.
This post was written by Naomi Buchanan.