Fitbit Is Moving Manufacturing Out of China
Thus far, wearables specialist Fitbit (NYSE: FIT) has been able to avoid damage from the Trump administration's ongoing trade war with China. The company, which has historically manufactured its products in China, has not been directly impacted by tariffs yet, although the tensions have been affecting the global macro outlook.
Fitbit is now moving its manufacturing operations out of China in order to avoid tariffs.
Image source: Fitbit.
Source Fool.com
