Finance
UK's discoverIE to move more production to US amid tariff woes
Published by Global Banking & Finance Review®
Posted on April 16, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 16, 2025
1 min readLast updated: January 24, 2026
discoverIE shifts more production to the US to counter tariff impacts, passing costs to clients. Shares rise as earnings outlook improves.
(Reuters) - Britain’s discoverIE said on Wednesday it will shift more production to the U.S. and pass on higher costs for its customised electronics amid concerns over Donald Trump’s tariffs.
China and the United States, the world's two biggest economies, are locked in a scathing trade war that has rattled financial markets with their eye-watering tariffs.
DiscoverIE said it expects to offset tariff impact by passing on costs to clients, adding its U.S. unit, accounting for about a quarter of sales, imports "very little" from China.
Shares of the company rose 3% to 557 pence by 0741 GMT after the company said it expects earnings for the year 2024/25 to be slightly ahead of expectations.
(Reporting by Yamini Kalia in Bengaluru; Editing by Nivedita Bhattacharjee and Savio D'Souza)
The article discusses discoverIE's decision to shift more production to the US to mitigate the impact of tariffs amid the US-China trade war.
discoverIE is moving production to the US to reduce the impact of tariffs and pass on higher costs to clients, as their US unit imports little from China.
The company's shares rose by 3% following the announcement, indicating a positive market response.
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