HP Shifts Production Away from China to Combat Tariffs

HP Inc. is rapidly moving its North American product manufacturing out of China due to US tariffs, aiming to have almost no US-bound products coming from China by June. To mitigate tariff impacts, HP is shifting production to Southeast Asia, Mexico, and the US, and has implemented price increases. While Q2 revenue grew, profits fell short of expectations. HP anticipates a challenging second half of the year due to weakening economic conditions and consumer confidence, but sees growth in AI PCs, aiming for over 25% of its PC mix by year-end.