New US tariffs could prompt Signify to move ops out of China, CEO says

Signify

25/10/2024 11:43

AMSTERDAM, Oct 25 (Reuters) - Lighting maker Signify
 LIGHT.AS  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.
    
    

 (Reporting by Toby Sterling; editing by Jason Neely)
 ((toby.sterling@thomsonreuters.com;))