GOPRO TO MOVE PRO­DUC­TION OUT OF CHINA OVER TAR­IFF CON­CERNS

Apple Magazine - - Summary -

Ac­tion-cam­era maker GoPro says it will move pro­duc­tion of U.S.-bound cam­eras out of China by the sum­mer over tar­iff-re­lated con­cerns.

Com­pa­nies have been voic­ing con­cerns over a loom­ing trade war be­tween China and the U.S. as both coun­tries have been threat­en­ing tariffs against one an­other.

GoPro did not say where pro­duc­tion was mov­ing or how much the move would cost.

The San Ma­teo, Cal­i­for­nia-based com­pany did say that it owns its own man­u­fac­tur­ing equip­ment, so it will only be chang­ing the phys­i­cal lo­ca­tion of where pro­duc­tion will take place. Pro­duc­tion of in­ter­na­tional-bound cam­eras will re­main in China.

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