Wearable device Fitbit to shift production out of China from January

Fitbit Inc will manufacture all its trackers and smart watches outside China from January, the wearable device maker said on Wednesday, the latest U.S. company looking to insulate itself from tariffs. The company said it began exploring alternatives to China in 2018 as Washington and Beijing engaged in a tit-for-tat tariff war that has upended global supply lines and roiled financial markets. Fitbit in June joined a group of U.S. companies in filing letters of opposition to President Donald Trump’s plan for more U.S. tariffs on Chinese goods. The tariffs would result in a competitive advantage for Chinese device makers in the U.S. market, the company had said.