Fitbit will move production out of China amid trade war
Fitbit Inc., which produces wearable fitness devices, will move its production out of China in January amid the ongoing U.S.-China trade war, Reuters reports.
The big picture: In June, Fitbit joined a group of more than 600 companies to pen a letter in opposition to the trade war, specifically regarding President Trump's plan to continue raising tariffs on Chinese products.
- Fitbit said it began looking to move during 2018 as the trade war heated up.
- It has not yet revealed where it will be relocating.
Between the lines: Reuters reported last month that Fitbit is also in talks to be bought by an investment bank.