US toy industry fears potential tariffs on Chinese imports could raise prices and slash sales.

US toymakers are worried about potential tariffs on Chinese imports, as proposed by President-elect Donald Trump, which could lead to price hikes and reduced sales. CEO of Basic Fun!, Jay Foreman, warns that the industry is in "panic mode," fearing a 60% tariff could make toys more expensive at retailers like Walmart and Target. While some companies consider moving production to other countries, there's no guarantee they won't face similar tariffs. Domestic production is often too costly for companies and consumers.

3 months ago
29 Articles

Further Reading