Across industries, U.S. companies have been diversifying their supply chains away from China in recent years, prodded in part by tariffs implemented during Trump’s first term. The Biden administration left many of those levies in place and layered on some new ones, intensifying the pressure on companies to find alternatives.

Hasbro’s shift away from China is part of a $750 million cost-cutting push that includes negotiating lower prices from suppliers or changing designs to make them cheaper to build, such as Jenga blocks that now use a single type of wood. The change lowered costs and had the added benefit of making the pieces slide more smoothly out of a Jenga tower, Cocks said.

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