Trump halts plans to hit toys with suspension of $300bn worth of tariffs on China

The Trump administration has halted its plans to impose tariffs on $300 billion worth of List Four goods, which would have included a 25 per cent tariff on some tabletop games, toys and video games.

The suspension of the planned $300 billion worth of additional tariffs on selected goods from China comes as a relief for those in the sector who actively rallied against the threat of monumental price hikes on the goods.

Among those who campaigned against the threatened List Four round of tariffs was The Toy Association’s president and chairman, Steve Pasierb, who vocally called the plans a ‘tax on families,’ and one that would ‘only damage small or independent companies working in the toy space.’

The tariffs were designed to escalate President Trump’s ongoing trade war with China, however, following his latest meeting with the Chinese President Xi Jinping over the weekend, he decided to postpone.

Both parties have agreed to talk further, but a date has not yet been set.

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent almost eight years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@biz-media.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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