Tag Archives: China

The Indian toy manufacturer, Funskool is eyeing significant growth for its export business this year, thanks to the launch of its newest facility in Ranipet, India. The firm, that manufactures its own toy brands from its headquarters in Chennai and distributes brands such as Hasbro, Disney and Takara Tomy across …

The South China Morning Post reports that the move from FAO Schwarz is a ‘key investment for the iconic US brand’, as it plans to open a 28,000 square foot store in the China World Trade Center in Beijing.

A rise in import duties on Chinese goods from ten per cent to 25 per cent was due to come into effect on March 1st. It was earmarked as a point of major concern by many in the toy industry, particularly companies directly affected in the US.

Experts gathered at The Hong Kong Toys Industry Conference 2019 to talk the 'bright future' of toys, the industry and China.

The administration previously threatened that it would immediately pursue tariffs on approximately $267 billion of additional imports should China retaliate. Toys are likely to be on the potential list of additional tariffs.

The organisation is a multi-industry coalition aimed at opposing tariffs and highlighting the benefits of international trade to the US economy.

Overnight, Donald Trump moved to whack a 10 per cent tariff on around $200bn worth of Chinese imports beginning next week, with threats to increase the rate to 25 per cent next year if no deal was reached.

ToyNews can confirm Hasbro CEO Brian Goldner's statement with quotes and transcripts.

The firm will move to escape President Trump's trade war with China and the 25 per cent tariff placed on $34 billion worth of Chinese imports.

The US wants China to stop practices that allegedly encourage transfer of intellectual property - design and product ideas - to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market.