The CEO of speaker-system maker Sonos, Patrick Spence, has indicated the company does not yet face U.S. duties on Chinese exports of its core speaker bar products. The firm is nonetheless “working very closely” with its manufacturing providers to “ultimately be able to mitigate” duties if they arrive in the new year. While there was a 7.1% rise in Sonos U.S. seaborne imports in the three months to Oct. 31 that reversed to a 33.1% slump in October, suggesting a degree of inventory build ahead of the holiday season that has now been completed. More broadly China accounted for 75.4% of all...
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