Reported about 15 hours ago
MGA Entertainment, a key supplier of toys to Walmart and Target, is hastening its manufacturing shift from China due to ongoing trade tensions, planning to relocate 40% of its production to India, Vietnam, and Indonesia. CEO Isaac Larian anticipates raising wholesale prices on China-made products to maintain profit margins, potentially impacting consumers. This move reflects a broader trend among US toy manufacturers adapting to increased tariffs under the Trump administration, as they seek to diversify their production and mitigate reliance on Chinese factories.
Source: YAHOO