On Nov. 6, 2019, Fitbit, which is about to be acquired by Google for $2.9 billion, announced that it has undertaken a plan to shift its manufacturing operations outside of China for effectively all of its trackers and smartwatches. As a result, starting in January 2020, the company expects those products will no longer be of Chinese origin and therefore not subject to Section …
“The uncertainty is still there,” says John Frisbie, former president of the U.S.-China Business Council. The referenced uncertainty has to do with the hopeful deal that China and the White House made last week, which loosely outlines China’s promise to purchase more farm goods from the U.S. What is not clearly written, is exactly how much to be purchased, the …
Chinese tariffs are set to increase Oct. 15 on $250 billion worth of Chinese goods. Although some products have recently become exempt from the 25 percent increase, the act was more about providing relief to some U.S. companies that may have suffered from Trump’s tariffs since they can’t find a supplier outside of China. President Trump is set to resume …
