Toy Fair Discusses Tariffs

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American toy industry

PBS

•

Business

Business & Economics

Holiday toys may cost more by fall thanks to new U.S. tariffs on Chinese imports

Summary

Nutrition label

69% Informative

Nearly 80 percent of the toys sold in the U.S. are sourced from China .

Many toy makers are renegotiating prices with retailers and taking a hard look at their products to see if they can cut costs.

The Toy Association lobbied hard to exempt the toy industry from the 10-25 percent tariffs Trump levied on Chinese goods during his first term.

Some retailers already have received letters from toy suppliers announcing immediate price increases.

Retailer says he plans to offer new spins on existing toys to make them look new.

Owner of Learning Express franchise in Lake Zurich , Illinois , questions if suppliers are acting in good faith since many had sped up deliveries from China ahead of tariffs.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful