ToyNews Toy industry news: business, marketing, retail, wholesale and distribution
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 …
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 »“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 »Trump imposes 25 per cent tariffs on $50bn worth of Chinese goods; accuses Beijing of IP theft
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.
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