(Bloomberg) -- Hasbro Inc. has a message to the Trump administration after the decision to put off imposing tariffs: Thanks for listening.

The toymaker said in an email to Bloomberg that an announced delay in the levies until Dec. 15 will help it to mitigate the impact on U.S. consumers during the upcoming holiday season. The change will also give the company more time to update global sourcing plans.

The decision to delay some of the tariffs from Sept. 1 was an attempt to spare consumers some pain during the holiday season, President Donald Trump told reporters on Tuesday.

“We appreciate the administration listening to our concerns,” spokeswoman Julie Duffy said. “We believe this will help mitigate the impact on U.S. consumers this holiday season, and we value the additional time this provides our company to make further progress on our global sourcing plans.”

Hasbro gained 3.7% to $117.34 at 12:55 p.m. in New York, on pace for its biggest gain in three weeks.

To contact the reporter on this story: Joe Deaux in New York at jdeaux@bloomberg.net

To contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Jonathan Roeder, Nick Turner

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