Tag Archives: Trade Wars

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 …

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.

Wah Shing, the manufacturer for clients such as Mattel and Spin Master says it is considering a move to Vietnam or India if it is hit with tariffs in 2019.

Failure to strike a deal will see tariffs on $200bn worth of Chinese goods rise from 10 per cent to 25 per cent at the start of next year, and would have opened the way for tariffs on additional Chinese goods.

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.