GoPro To Move US-Bound Camera Production Out of China
The company had previously said it was being "very proactive" about the situation regarding tariffs as U.S. and China ramped up its bitter trade war, in which both nations have imposed tariffs on hundreds of billions of dollars of each other's imports. "It's important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost," said Chief Financial Officer Brian McGee. In the company's earnings call in November, GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019, if necessary.
The company had previously said it was being "very proactive" about the situation regarding tariffs as U.S. and China ramped up its bitter trade war, in which both nations have imposed tariffs on hundreds of billions of dollars of each other's imports. "It's important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost," said Chief Financial Officer Brian McGee. In the company's earnings call in November, GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019, if necessary.
