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Fitbit will move production out of China amid trade war

Fitbits.
Photo: Rachel Murray/Getty Images for Fitbit Local

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.

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