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Fitbit fleeing China to avoid Trump's tariffs


Added 10-09-19 11:04:03am EST - “Fitbit says production of trackers and smartwatches will be done outside of China beginning in January 2020.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Fitbit fleeing China to avoid Trump's tariffs”. Below is an excerpt from the article.

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The wearable-fitness-device manufacturer said Wednesday that starting in January 2020 the production of all its trackers and smartwatches will be done outside China and therefore not be subject to Section 301 tariffs.

“In 2018, in response to the ongoing threat of tariffs, we began exploring potential alternatives to China. As a result of these explorations, we have made changes to our supply chain and manufacturing operations and have additional changes underway,” CFO Ron Kisling said in a press release. “Based on these changes, we expect that effectively all trackers and smartwatches starting in January 2020 will not be of Chinese origin.”

Fitbit says it will discuss its move in greater detail on its third-quarter earnings call on Oct. 30.

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