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

Signify, the largest lighting producer globally, may shift production from China to countries like India, Indonesia, or Mexico if faced with new U.S. tariffs. This decision arises as former U.S. President Trump proposes a 60% tariff on Chinese imports if he is re-elected. Signify's CEO Eric Rondolat shared this during the company's third-quarter earnings call.