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Failure to strike a deal will see tariffs on $200bn worth of Chinese goods rise from 10 per cent to 25 per cent at the start of next year, and would have opened the way for tariffs on additional Chinese goods.
Read More »Hasbro outlines plans to move production operations out of China
The firm will move to escape President Trump's trade war with China and the 25 per cent tariff placed on $34 billion worth of Chinese imports.
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