(Yicai) April 8 -- Several Chinese suppliers of US tech giant Apple have responded to the US "reciprocal tariffs" by claiming their impact will be limited.

The impact of the new tariffs levied by the US on the company will be limited, as Luxshare Precision Industry mitigates the effects of market fluctuations and geopolitical uncertainties with a diversified customer base, global production layout, and independent innovation in core technologies, according to the Chinese iPhone assembler.

US President Donald Trump announced on April 2 a "reciprocal tariff" scheme, effective April 5, that established a 10 percent minimum base tariff on all US trade partners, including a 34 percent tariff on China, 46 percent on Vietnam, 36 percent on Thailand, and 26 percent on India.

Luxshare Precision has production bases and research and development centers in countries and regions other than China, such as Vietnam, Indonesia, Malaysia, Thailand, the US, Mexico, and Romania, the firm noted.

Luxshare's stock [SHE: 002475] plunged by the 10 percent daily trading limit for companies listed on the main board of the Shenzhen Stock Exchange yesterday, and closed down 9 percent at CNY29 (USD3.95) today. The Shenzhen Composite Index fell 9.7 percent yesterday but rose 0.6 percent today.

Lens Technology, another one of Apple's leading suppliers in China, said that after a comprehensive assessment, it expects the impact of the changes in the US tariff policy on its overall operations to be very limited. Most of the company's products are exported through domestic bonded zones, which means there is no risk of tariff fluctuations, it added.

Lens' overseas business contributed 58 percent to its total revenue last year. The firm has production bases and offices in Vietnam, Thailand, and Mexico.

Lens [SHE: 300433] closed 1 percent down at CNY17.88 today, after sinking by the SZSE ChiNext board's 20 percent daily trading limit yesterday. The ChiNext Index fell 12.5 percent yesterday but rebounded 1.8 percent today.

Lingyi iTech, which supplies functional components, structural parts, and modules to Apple, said in a statement yesterday that it has mitigated the impact of international trade uncertainties through a global capacity layout.

"The company is positioned in the upstream segment of the supply chain, so its main products are not directly exported to the US from China, giving it a strong ability to withstand fluctuations in the supply chain," Lingyi iTech noted.

Shares of Lingyi iTech [SHE: 002600] closed at CNY6.84 (93 US cents) today, down by the 10 percent daily trading limit of the SZSE's main board for the second consecutive day.

Zhuhai CosMX Battery, which is also the supplier of US automotive giant General Motors in addition to Apple, said the revenue from its consumer electronics business accounted for 89 percent of the total last year, but exports of batteries for mobile phones, laptops, and tablets directly to the US from China were a small proportion, so the new US tariffs will only have a limited impact on the company.

CosMX's shares [SHA: 688772] rose 0.6 percent to CNY12.20 today, after yesterday dropping by the 20 percent daily trading limit for companies listed on the Star Market, the technology board of the Shanghai Stock Exchange. The SSE Star 50 Index rose 1.7 percent, and the Shanghai Composite Index gained 1.6 percent today. They plunged 9.2 percent and 7.3 percent, respectively, yesterday.

Meanwhile, Chinese smart acoustics equipment supplier Goertek said it is still assessing the impact of the new US tariff policy. Its SZSE-listed stock [SHE: 002241] fell a cumulative 20 percent to CNY18.95 yesterday and today.

Luxshare, Lens, and Goertek all mentioned that supply chain companies in the electronics manufacturing industry typically operate under a free-on-board model, where the buyer is responsible for customs duties.

Editor: Futura Costaglione