Hasbro Reacts To Trade Wars! Moving Production Out Of China
Hasbro, the company that brings us Transformers, My Little Pony, Play-Doh and more, has chosen to move all of its toy production out of China in an attempt to avoid the new trade war instigated by American President Donald Trump.
The New York Post is reporting that Hasbro, which sources more than one-third of its various toy products from China, is planning to transfer all production to other parts of the world. This comes in response to President Trumps decision to place high tariffs on hundreds of Chinese goods, with China responding in kind. As Hasbro themselves have stated.
The move comes in response to the 25% tariff Trump placed on $34 billon dollars of Chinese products.
With the company still recovering from the bankruptcy and demise of Toys’R’Us, this trade war necessitated move could not have come at a worse time.
For the full New York Post article, click here.
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