Fear of impending China tariffs may have actually given some toymakers a cushion against early impacts from the recent coronavirus outbreak.
Many toy companies brought extra product to the U.S. at the end of 2019 in order to get "under the wire" of future tariffs.
"We're heavy on inventory right now, which is great," he said during CNBC's "Squawk on the Street. "If there's a delay of two, four, six weeks in getting the flow going again, we should be able to cover that. The real challenge is if this starts to creep into April, May and June. Then it's going to to really be a disruption."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Coronavirus live updates: China accuses US of spreading fear, Saudis reportedly weigh oil cutsChina's National Health Commission confirmed more than 17,200 cases of the coronavirus in the country and 361 deaths.
Les mer »
China accuses US of spreading fear and panic over coronavirus outbreakA spokesperson for China’s Foreign Ministry said it is unreasonable for countries around the world to try to prevent people from crossing borders.
Les mer »
Markets in mainland China plunge after layoff, but not as much as fearedMarkets in mainland China plunged early Monday, on their first day of trading since an extended Lunar New Year holiday that coincided with the rapid spread...
Les mer »
Copper prices dive more than 12% this year, as China manufacturers shut down over virus concernsPrices of copper, a barometer for the health of the global economy, have plunged more than 12% since mid-January amid concerns over the coronavirus outbreak in China.
Les mer »
American man anxiously awaits family to return from Wuhan, China, amid coronavirus outbreakWisconsin resident Samuel Roth has been on edge for the past two weeks. The Chinese government imposed a lockdown on the city and others in central Hubei province on Jan. 23, in an effort to stymie the spread of infection. The World Health Organization declared the outbreak a global health emergency
Les mer »