Hasbro Moving More Of Its Production Out Of China

Hasbro will be moving the bulk of its production of toys, which may include Marvel and Star Wars toys and collectibles, such as the Black Series or Legends action figure lines, out of China.

CEO Brian Goldner said during a post-earnings conference call on Monday this is being doing due to the result of potential tariffs that are being introduced by President Donald Trump.

This is because there would be an additional 25 percent tariff added on to the costs.

Currently one-third of its products are sourced from China and they will move to other parts of the world, but wouldn’t say where they would be moving production to.