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MGA Entertainment to shift manufacturing base from China to India, 2 other nations amid Donald Trump's tariffs: Report

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A major supplier of toys to Walmart and Target is accelerating its shift out of China as it reshapes production amid President Donald Trump's intensifying trade war with the country. California-based MGA Entertainment,
MGA Entertainment, a prominent U.S. toy manufacturer, is planning to relocate its manufacturing operations from China to India and two other countries in response to the trade tariffs imposed by former U.S. President Donald Trump. This strategic shift aims to mitigate the impact of the ongoing trade war between the U.S. and China, which has led to increased costs due to tariffs on goods imported from China. The move is part of a broader trend where companies are diversifying their supply chains to reduce dependency on China, thereby avoiding potential future trade disruptions and cost escalations. This decision reflects the broader economic strategy of "nearshoring" or "friendshoring," where businesses move production closer to their primary markets or to countries with more favorable trade relations.

Read the Full Mint Article at:
[ https://www.msn.com/en-in/money/economy/mga-entertainment-to-shift-manufacturing-base-from-china-to-india-2-other-nations-amid-donald-trump-s-tariffs-report/ar-AA1AUs4n ]