Overview
- Wyze revealed it paid $255,000 in tariffs on a $167,000 shipment of floodlights imported from China, highlighting the financial strain of U.S.-China trade policies.
- The company plans to shift its manufacturing to Vietnam within 60 days to take advantage of a temporary 90-day tariff pause.
- Wyze confirmed that sourcing specialized components domestically is not feasible due to limited availability in the U.S.
- The U.S. and China have imposed reciprocal tariffs of up to 145% and 125%, respectively, disrupting global supply chains and escalating costs for businesses and consumers.
- According to Yale's Budget Lab, the 2025 tariff regime could add approximately $3,800 in annual costs for the average American household.