Hasbro's CEO says tariffs could hit the toy industry as hard as the 2008 recession

Apr 24 2025 by Business Insider

 
Hasbro's CEO said that tariffs could hit consumer spending on games as hard as the 2008 recession.

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Shoppers could pull back spending on toys due to tariffs, Hasbro's CEO said.The tariffs could have as severe an effect as the 2008 recession, Christian Cocks said.While consumers are still spending, companies are predicting fallout from Trump's duties.

Playtime could be over for one of the largest toy makers if tariffs stick around.

Hasbro, which makes Nerf dart guns and...

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