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Hasbro could see its manufacturing out of China fall to 50 per cent or under by the end of next year, following what CEO Brian Goldner has called a positive shift for the firm out of the region. The firm claims to have spotted an opportunity now that has fuelled …
Read More »Toys taken off tariff table until December as US revises its taxation approach
In yet another development for the dramatic trade war between China and the US, a delay has been placed on a second tier of tariffs caught up within Trump’s fourth tranche of taxation on Chinese goods, exempting toys until at least December 15 this year. The Office of the United …
Read More »MGA issues warning to world’s counterfeiters after factory raid seizes 20,000 knock-off toys in China
MGA Entertainment has issued a warning to counterfeiters of the toymaker’s portfolio of products and the retailers that stock them, redoubling its efforts to bring the lawbreakers to justice. The announcement was made by the company’s CEO, Isaac Larian, following a raid on a Chinese toy factory during which a …
Read More »Trump’s 10 per cent tax on $300bn of China goods (including toys) to begin September
Almost as abruptly as it was taken off the table one month ago, US President Donald Trump has announced that the threatened next round of tariffs will come into effect on goods shipped from China by September 1. It was only a matter of weeks ago that the industry’s concerns …
Read More »“25 per cent tariffs on toys will devastate our industry,” comes cry as trade war rages on
The Office of the United States Trade Representative has revealed that it has been ordered to “begin the process of raising tariffs on essentially all remaining imports from China, valued at approximately $300 billion.” The details emerges just days after US president Donald Trump more than doubled tariffs on $200 …
Read More »Trump raises tariffs on Chinese imports to 25 per cent as trade war escalates
The US has doubled tariffs tariffs on $200bn worth of Chinese products, escalating the ongoing trade war to a whole new level. Tariffs on affected Chinese goods have risen to 25 per cent from 10 per cent, while Beijing has vowed to retaliate, China has said it “deeply regrets” the …
Read More »Trump threatens 25 per cent tariffs on all China exports as trade war raises its head again
Talks purporting to the raise of further tariffs on Chinese imports have emerged from the White House once again, sending financial markets across the globe into a decline. The surprise tweets from Donald Trump suggesting the move saw stocks in Europe and the US fall, following a sharp retreat in …
Read More »Funskool’s exports to surge 50 per cent as Indian toymakers profit from US-China trade war
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 …
Read More »FAO Schwarz plans first flagship store in China – with some 30 more to follow
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.
Read More »“Substantial progress” made as Trump delays further trade tariffs on Chinese goods
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.
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