U.S. President Donald Trump signed an executive order on April 2 at the White House imposing what he called “reciprocal tariffs,” announcing a 10% “minimum baseline tariff” on trading partners and higher tariffs on some.
In response to this move, Xu Huijun, Chairman of Fortuna, said that the U.S. tariff hikes would have a minimal impact on the company as a whole, and the company’s development prospects remain promising. He cited several reasons for this optimism. Firstly, the company has no investments in Southeast Asia, including Vietnam. Secondly, its products mainly consist of precision components for wearable devices, many of which are exclusively supplied and have virtually no substitutes, with orders still growing steadily. Thirdly, the company’s photovoltaic products, particularly the diamond wire substrates and especially tungsten – steel alloy products, utilize the company’s exclusive and globally unique electroplating wet – drawing process, and are set to enter a profitable period this year. Fourthly, the company has independently developed ultra – micro planetary roller screws, which are at the industry’s leading level.
Public information shows that since its establishment, Fortuna has been focused on the research and development, manufacturing, and sales of precision metal components. The company’s products can be categorized based on downstream application areas into 3C precision metal components, automotive precision metal components, electric tool precision metal components, precision metal components for other industries, and diamond wire substrates. Based on production processes, they can be divided into precision springs, shaped springs, coil springs, stamped parts, MIM parts, turned parts, connectors, sunroof drive tubes, and assembly components.
