Trump Tariffs Stunt US Toy Imports As Sellers Play For Time
Josh Staph fears the fun-packed shelves of his toy warehouse might start looking joyless in the months ahead, with made-in-China flying discs and model gliders grounded -- like much of his product line -- by Donald Trump's tariffs.
"Things have ground to a halt," said Staph, chief executive of Duncan Toys Company, which has a warehouse in Indiana.
With his products now facing a steep 145 percent levy, "we stopped shipping goods into the US," he added.
Nearly 100 days into President Donald Trump's White House return, US businesses are scrambling to adjust to fast-changing trade policies.
The $40 billion toy industry, which heavily relies on production in China, is hard hit, companies tell AFP.
Of over $17 billion worth of toys imported to the US last year, more than $13 billion came from China.
Duncan's entire product range is designed and developed in the United States, Staph said, but Chinese factories make almost all the toys.
Firms there have developed specialized abilities to produce intricate parts for items like its........
© International Business Times
