GoPro moving some production out of China to avoid US tariffs - News Summed Up

GoPro moving some production out of China to avoid US tariffs


London (CNN Business) GoPro is moving some of its production out of China in order to protect its business from potential new US tariffs. The tech company said Monday that it would move production of "most" cameras bound for the United States to another country by next summer. "We're proactively addressing tariff concerns by moving most of our US-bound camera production out of China," Brian McGee, the company's chief financial officer, said in a statement. GoPro will continue to make cameras bound for other international markets in China. The trade war between the United States and China has made more than $250 billion of Chinese exports more expensive for Americans — from leather belts to refrigerators to motorcycles.


Source: CNN December 10, 2018 14:14 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */