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China and the US have struck a ‘phase one’ deal that will see billions of dollars in tariffs removed or delayed in the declaration of a preliminary trade agreement. A new wave of US tariffs on Chinese imports was due to take effect on Sunday, December 15. This has been …
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 »“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.
Read More »Mattel’s China toy maker considers manufacturing move if tariffs continue
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.
Read More »Trump and Xi Jinping call 90 day truce in “tit for tat” trade war
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.
Read More »Toy Association steps up ‘aggressive opposition to trade wars’ and joins American for Free Trade
The organisation is a multi-industry coalition aimed at opposing tariffs and highlighting the benefits of international trade to the US economy.
Read More »“Tit for tat trade war is a real risk,” says Toy Association’s Steve Pasierb
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.
Read More »Hasbro will move more production out of China ‘and has already found new partners and territories’
ToyNews can confirm Hasbro CEO Brian Goldner's statement with quotes and transcripts.
Read More »Hasbro outlines plans to move production operations out of China
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.
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