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GoPro To Move US-Bound Camera Production Out of China (reuters.com)

Posted by BeauHD on from the cause-and-effect dept.

In an effort to counter the potential impact from new tariffs, GoPro is moving most of its U.S.-bound camera production out of China by the summer of 2019. The company said international-bound camera production will remain in China. Reuters reports: The company had previously said it was being "very proactive" about the situation regarding tariffs as U.S. and China ramped up its bitter trade war, in which both nations have imposed tariffs on hundreds of billions of dollars of each other's imports. "It's important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost," said Chief Financial Officer Brian McGee. In the company's earnings call in November, GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019, if necessary.

5 of 91 comments (clear)

  1. Sure they can move it out of China by frank_adrian314159 · · Score: 3, Insightful

    They'll move it straight to Mexico - the labor's still cheap enough there and, because of our shiny, brand new "trade agreement" with Mexico, there are no nasty Trump tariffs to contend with there..#MAGA!

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    That is all.
    1. Re:Sure they can move it out of China by joelgrimes · · Score: 4, Insightful

      If companies learn not to make China their sole supplier of all things then it goes in the win column.

      Lack of diversity in our supply chain was making us vulnerable

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      Textbooks and Open Educational Resources
    2. Re:Sure they can move it out of China by ShanghaiBill · · Score: 5, Insightful

      Also, a more prosperous Mexico benefits America. A more prosperous China, not so much.

      40% of Mexican imports come from America. 20% of Chinese imports come from America.

      More jobs in Mexico means fewer desperate immigrants to America.

  2. Re:Well done Mr President by matushorvath · · Score: 4, Insightful

    Notice they are saying "out of China", not "to the US". They will most likely move it to India or Vietnam or Mexico, or somewhere else cheap.

  3. Exactly backwards by raymorris · · Score: 4, Insightful

    It seems like you got a little confused there, or whoever told you was confused. That provision was *removed*. It was in NAFTA 1.0, now it's gone.

    Canada wanted keep it, which is weird because:
    https://www.cbc.ca/news/politi...

    It was removed in the Trump deal except for one special case. Every so often Mexico makes efforts to nationality their oil industry, with the government taking refineries and other infrastructure from the private companies that built them. If Mexico wants to take American-owned oil facilities, the companies can get reimbursed under the chapter 11 process. It's been removed except for oil facilities in Mexico only.

    Whichever source of news / comedian told you the exact opposite, I'd be suspicious of them now. Apparently they are either hard to understand, or pulling your leg.