Potential $300 million impact on Hasbro due to Chinese tariffs, prompting cost-saving measures and price hikes.

From CNBC: 2025-04-24 10:44:00

Hasbro estimates a potential $300 million hit to its bottom line if President Trump’s 145% levy against Chinese imports holds. Despite better-than-expected earnings, the ongoing trade war with China looms large. CEO Chris Cocks warns of increased costs, job losses, and higher consumer prices due to tariffs. Hasbro is exploring moving its supply chain out of China to offset costs. The company is also accelerating a $1 billion cost savings plan to mitigate tariff pressures. Prices hikes are inevitable, but the company is trying to minimize the impact on consumers. Hasbro remains hopeful for a more favorable U.S. trade policy environment.



Read more at CNBC: Hasbro China tariffs could cause up to $300 million impact