Great note as usual - quick question though, wouldn't Chinese tariffs also hit board games since most of them (as far as I can tell) are made in China? Is hardware disproportionately affected?
Correct. It calls it out, saying how proposed trade policies under Trump's administration, particularly targeting BRICS nations with potential 100% tariffs and expanding existing measures like USMCA, could significantly impact Asmodee's production costs and supply chain dynamics. However, I'd expect the focus of those tariffs to be on high-tech imports and it would arguably be easier to transplant production elsewhere.
Great note as usual - quick question though, wouldn't Chinese tariffs also hit board games since most of them (as far as I can tell) are made in China? Is hardware disproportionately affected?
Correct. It calls it out, saying how proposed trade policies under Trump's administration, particularly targeting BRICS nations with potential 100% tariffs and expanding existing measures like USMCA, could significantly impact Asmodee's production costs and supply chain dynamics. However, I'd expect the focus of those tariffs to be on high-tech imports and it would arguably be easier to transplant production elsewhere.