LEGO fairs online trade wars more then fearing POTUS Donnie threats – PB/TK
Made-in-Mexico Lego Ignores Trump Trade Threat for Now, CEO Says by Christian Wienberg
Lego A/S sells building blocks made in Mexico to the U.S. And despite the signals coming from the White House, the chief executive officer of the world’s most profitable toymaker says there’s no reason to prepare for a breakdown in trade relations because it’s unclear President Donald Trump will actually act on his threats.
“We don’t see signs that we need to do that at the moment,” Lego CEO Bali Padda told Bloomberg.
He’s not alone in treating Trump’s rhetoric with a degree of apprehension. The government of Lego’s home country, Denmark, has voiced a similar view. Danish Foreign Minister Anders Samuelsen said Trump’s outbursts on Twitter can’t be seen as a substitute for any legislative process that would need to take place for real changes to occur. Samuelsen has said that behind-the-scenes diplomacy indicates the world order won’t be as radically upended as some of Trump’s pronouncements might suggest.
Padda, who took over from Jorgen Vig Knudstorp as CEO in January, says fearing the worst is just based on “speculation at the moment. We would rather wait to see what happens.”
Continue to Bloomberg.com article: https://www.bloomberg.com/news/articles/2017-03-12/made-in-mexico-lego-ignores-trump-trade-threat-for-now-ceo-says
