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The toys made by Mattel, HASBROs and others are seen in a Macy company in New York.
Workers | Reuters
Shares of large toy manufacturers Makonfer on Monday In China, the United States agreed to temporarily reduce tariffs.
The agreement has reduced the most tariffs and other trade barriers, including 145% in Donald Trump, in 90 days, in China’s imports in Donald Trump.
Shares Mattel Monday jumped more than 10%, Hasbro 6.5% traded, Jacks Increased by more than 15% and Funko 46.4% rescued from large.
Since early April, the rally has risen since the beginning of April since the beginning of April, Trump announced “mutual tariffs” to dozens of trade partners. The remaining toy reserves are still trading below April 1 closing prices.
Shares are as expected to produce investor by Wall Street and Price rides as a result of the tariff scheme. Toy industry In China, he trusts in the supply chains, To leave toy producers in the mercy of trade policy. Bank of America assesses both Mattel and HASBRO source 40% of US products from China.
Last month Hasbro estimated to see up to a Hit the bottom line of $ 300 million If Trump’s 145% Chinese task is charged.
Mattel also warned that last week the Trump conducted movements that fully replace the costs associated with China with China, Including prices in the United States
Both companies previously made 25% tariff forecasts in Chinese imports. Mattel recreded the leadership of this month in the beginning of this month, macroeconomic variability and indefinite indefinitely covering us tariffs. Meanwhile, Hasbro maintained the full year leadership in the last quarter, but warned investors on the uncertainty of the current tariff environment.
Representatives of HASBRO, Mattel, Jakks and Funko did not respond immediately to CNBC’s description.
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