iRobot has cited the impact of the trade war between the US and China after posting disappointing financial results for the second consecutive quarter. The company, which has had to raise the prices of some products in the US following the imposition of more than 15% tariffs, has since reported a significant slowdown in growth. iRobot's CFO, Allison Dean, said the measures will cost the company up to $40m this year.
iRobot has cited the impact of the trade war between the US and China after posting disappointing financial results for the second consecutive quarter. The company, which has had to raise the prices of some products in the US following the imposition of 25% tariffs, has since reported a significant slowdown in growth. iRobot's CFO, Allison Dean, said the measures will cost the company up to $40m this year.