GoPro is moving camera production out of China, citing tariff worries [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 for the U.S. market out of China by the summer to avoid being caught up in the Washington-Beijing trade war. Production will continue in China for non-U.S.-bound cameras, the company said. GoPro was down 1 percent in midday trading. 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, said Brian McGee, executive vice president and CFO of GoPro. 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 recent months until a 90-day pause the White House said
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GPRO
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- GPRO's page on the SEC website