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GoPro to move production out of China over tariff concerns

1 year 8 months 5 days ago Monday, December 10 2018 Dec 10, 2018 December 10, 2018 10:01 AM December 10, 2018 in News

SAN MATEO, Calif. (AP) - Action-camera maker GoPro says it will move production of U.S.-bound cameras out of China by the summer over tariff-related concerns.

Companies have been voicing concerns over a looming trade war between China and the U.S. as both countries have been threatening tariffs against one another.

GoPro did not say Monday where production was moving or how much the move would cost.

The San Mateo, California-based company did say that it owns its own manufacturing equipment, so it will only be changing the physical location of where production will take place. Production of international-bound cameras will remain in China.

GoPro shares slipped nearly 2 percent to $4.88 in morning trading.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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