So Go Pro is an IT service firm that makes action cameras. They also make mobile apps and video software. Their targets are people who film extreme sports and other high-risk activities. But they can’t escape the volatile economic world we’re in today. Go Pro vs China: Tariff war warrior or casualty?
So as most of us know, China and the US are in this tariff war. As a result, Go Pro promises to move their manufacturing services out of China. They’re not the only ones, but as huge players in technology, they’re the most vocal. Furthermore, Go Pro says all their building and making operations will be out of China by summer 2019.
Go Pro leaders flat out said they’re doing it because they want to lower their costs. They don’t want to deal with the tariff effects, either. So where are they going? Don’t get too excited or hopeful. Because these manufacturing jobs are not?coming to the USA. However, they mention nations like Vietnam, Thailand and Taiwan. These are China’s neighbors, who will make these cameras at an even lower cost. Go Pro leaders don’t shy away from this. In fact, they brag about owning their own equipment. However, they say they want to make this move at a low cost.
And that’s the catch-22 between this tariff war. Many actually think, or even hope, that this war will eventually bring American jobs back. But I don’t see it happening. And Go Pro isn’t the only one doing this. Because they’re other companies moving their operations out of China. It isn’t even because of the trade wars. This is because China is getting too expensive for some of these companies. In computer repair, when he hear a part is coming from China or that part of the world, it frustrates everybody. Go Pro vs China: Are there any winners here?