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New US tariffs could prompt Signify to move operations out of China, CEO says
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Signify is considering moving some of its production out of China if the company is confronted with a new round of U.S. tariffs, its chief executive said on Friday.
Signify, the biggest maker of lights globally, is looking at production sites in India, Indonesia and changing existing operations in Mexico, CEO Eric Rondolat said on a call with analysts after the company reported third quarter earnings.
Former U.S.
President Donald Trump has proposed a tariff of up to 60% on imports from China, where Signify has much of its production, if he is elected for a second time on Nov. 5.
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