HP Enterprise prepares to raise prices, shift production out of China, WSJ says

HP is preparing to raise its prices on certain products and accelerate efforts to move more production out of China as the company faces tariff pressure, Connor Hart of The Wall Street Journal reports. The plans come as the company lowered its outlook for the year. “Tariff charges were bigger and impacted more countries than we were expecting,” Chief Executive Enrique Lores recently said, according to the Journal.