145% vs. 30%: Hasbro exec breaks down how the 'pleasant surprise' of Monday's China deal changed the company's plans

On Sunday, the toy maker Hasbro was preparing big changes to contend with triple-digit tariffs on Chinese imports. By Monday, all of those calculations were different.Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer, said that President Donald Trump's decision to temporarily lower tariffs on China from 145% to 30% drastically altered the company's plans. She called the announcement a "pleasant surprise" at JP Morgan's Technology, Media, and Communications Conference. "A 30% wor ...