GoPro Pulls Production Of U.S.-Bound Hardware Out Of China
Leading action camera-maker GoPro announced this week it will move production of “most” of its U.S.-bound cameras” out of China to avoid being caught up in the ongoing trade war between Beijing and Washington.
In a statement released Monday, GoPro’s Chief Financial Officer Brian McGee said: “Today’s geopolitical business environment requires agility, and we’re proactively addressing tariff concerns by moving most of our U.S.-bound camera production out of China. We believe this diversified approach to production can benefit our business regardless of tariff implications.”
The San Mateo, California-based company has not announced where it will move its America-bound production, but it is highly unlikely the new jobs will move stateside due to significantly more expensive labor cost. It is likely GoPro will move production of its U.S. products to a Southeast Asian country, such as Vietnam.