Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Dec. 10, 2018 / 6:15 PM GMT By Lauren Feiner, CNBC GoPro is pulling production for the U.S. market out of China to avoid being caught up in the Washington-Beijing trade war, the action camera company announced Monday. Production … [Read more...] about GoPro is moving production out of China, citing tariff worries
Tariffs
GoPro shifts some production from China to sidestep tariffs
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By Krista Gmelich Bloomberg Mon., Dec. 10, 2018 GoPro Inc. will move most of its U.S.-bound camera production out of China by next summer in a step to minimize the impact of potential tariffs. “Today’s geopolitical business environment requires agility,” GoPro chief financial officer Brian McGee said in a statement Monday. “We’re … [Read more...] about GoPro shifts some production from China to sidestep tariffs
GoPro to move production out of China over tariff concerns
Updated 9:21 am PST, Monday, December 10, 2018 SAN MATEO, Calif. (AP) — 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 … [Read more...] about GoPro to move production out of China over tariff concerns
Despite Trump’s tariffs, U.S. trade deficit at 10-year high
The U.S. trade deficit surged to its highest level in a decade, even as President Donald Trump levied new tariffs on goods and services imported from overseas in an effort to narrow the gap. The U.S. international trade deficit in goods and services increased to $55.5 billion in October from $54.6 billion in September, according to Census Bureau data. Exports, meanwhile, … [Read more...] about Despite Trump’s tariffs, U.S. trade deficit at 10-year high
iPhone assembler Pegatron may move to Indonesia over tariff fears
By William Gallagher Friday, December 07, 2018, 05:57 am PT (08:57 am ET) Apple's iPhone assembly partner Pegatron appears to be making a move to Indonesia to sidestep the US/China trade dispute, despite recent news of a truce.Inside an iPhone (Image credit: iFixit; edit by William Gallagher) The iPhone assembly company Pegatron is reported to be moving production of all … [Read more...] about iPhone assembler Pegatron may move to Indonesia over tariff fears