Wyze Labs Pays $255,000 in Tariffs on $167,000 Inventory Amid New 145% China Tariff, Plans to Move Manufacturing Out of China
Wyze Labs, a smart home device maker based in Kirkland, Washington, revealed it paid $255,000 in tariffs on $167,000 of floodlight inventory due to new trade policies, impacting costs and prompting efforts to relocate manufacturing from China. The company highlighted challenges of supply chain adjustments and the potential need to raise consumer prices.
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