Source :
Apple Intelligence :
• Tariff Impact on Toy Industry: Trump’s trade war, with tariffs on China and Vietnam, will lead to higher toy prices.
• Manufacturing Relocation: Toy companies are scrambling to find alternative manufacturing locations due to increased tariffs.
• Retaliatory Measures: China plans to impose a 34% tariff on all U.S. products in response to the U.S. tariffs.
• Tariff Impact on Toy Industry: Toy companies like Hasbro and Mattel are facing challenges due to tariffs on imports from China and other countries.
• Production Relocation Challenges: Relocating production to countries like Vietnam, Indonesia, and India may not be financially viable due to tariffs on those countries as well.
• Consumer Price Increases: Consumers can expect price increases on toys to offset the impact of tariffs.
• Stock Market Impact: Toy companies’ stocks plummeted following the tariff announcement.
• Consumer Impact: Consumers are expected to bear the brunt of the tariffs through price increases.
• Price Increase Magnitude: Price hikes are projected to range from 35% to 50%, potentially coinciding with the back-to-school season.
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