US EditionToy industry CEO on Trump’s China tariffs: ‘Christmas is at risk’
- Zuru, led by Nick Mowbray, faces a potential NZ$3 billion tariff bill due to U.S. Trade policies, significantly impacting their operations and pricing strategies in the U.S. Market.
- Mowbray noted that these tariffs have 'paralyzed' the company, leading them to consider nearly doubling retail prices for toys in the U.S.
- Experts project that the tariffs could reduce U.S. GDP by about 0.8 to 1.0 percent, contributing to economic slowdowns.
- The uncertainty from tariffs is causing businesses to delay investments and consumers to postpone purchases.
18 Articles
18 Articles
Toy industry faces uncertain Christmas as Trump tariffs threaten prices, supply
The toy industry is sounding the alarm over steep tariffs imposed by the Trump administration on Chinese imports—a move that could have major ripple effects for manufacturers, retailers, and consumers, especially as the holiday season looms.
Tucson toy and game stores brace for uncertainty amid tariffs
As tariff discussions continue to dominate national and local headlines, small business owners in Tucson say theyre preparing for potential impacts on the video game and toy industries though it will take time to notice the true potential impacts.At GameBro on Tucsons east side, owner Alex Plot turned his passion for games and collectibles into a thriving business over the past seven years. But with tariffs on Chinese imports climbing as high as…
Fox Business
The Business TimesChina tariffs means 'Christmas is at risk,' toy industry CEO says
A toy industry CEO is sounding the alarm about what impact tariffs on China could have on Christmas in the U.S."No toys are currently being produced in China. And there are reports that major retailers here in the U.S. are starting to actually cancel orders. So, Jake, Christmas is at risk," Greg Ahearn, The Toy Association President and CEO, said on CNN's "The Lead with Jake Tapper," on Tuesday, according to The Hill. Ahearn said the 145% tariff…
Toy industry CEO on Trump’s China tariffs: ‘Christmas is at risk’
The Toy Association president and CEO said President Trump’s 145 percent tariffs on China will likely jeopardize the Christmas holiday for children as the world’s two largest economies remain entangled in a trade battle. “No toys are currently being produced in China. And there are reports that major retailers here in the U.S. are starting…
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