GoPro is moving camera production out of China over tariff concerns [CNBC]
GoPro, Inc. - Class A (GPRO)
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Source: CNBC
David Paul Morris | Bloomberg | Getty Images Nick Woodman, founder and chief executive officer of GoPro Inc., speaks during an event in San Francisco, California, U.S., on Thursday, Sept. 28, 2017. GoPro announced Monday it is pulling camera production out of China by summer 2019 to avoid being caught up in the ongoing tariff feud between the U.S. and China. The change will affect most of GoPro's U.S.-bound cameras, while its international-bound camera production will continue in China, the company said in a press release. Today's geopolitical business environment requires agility, and we're proactively addressing tariff concerns by moving most of our US-bound camera production out of China, Brian McGee, executive vice president and CFO of GoPro said in the press release. We believe this diversified approach to production can benefit our business regardless of tariff implications. The trade war between the U.S. and China has been escalating in
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- 3/26/24 - Form 8-K
- 3/11/24 - Form SC
- 2/20/24 - Form 4
- GPRO's page on the SEC website