Toy industry expert expects Chinese tariffs to significantly raise prices


The CEO of Toy Industry is being alarm soundtrack about tariffs influencing China on Christmas in the United States

“Currently, no toys are produced in China,” said Wolf Aharn, president of the Toy Association on Tuesday. Hill

Aharen said the 145 % tariff in China could raise the price of games, dolls, cars and other toys by 15-20 %, Fox TV stations reported, That attributed the toy community to say nearly 80 % of toys sold in the United States is made from China.

“The Toy Association is offensively supporting tariff exemptions for toys, and your entry helps us make the most powerful case,” said Cutrin Blvo, chief policy chief at the Toy Association. “With a tariff on this greatness on the table, it is more important than ever to understand how your business will be affected.”

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Suture pots under production in China

Workers will produce sleepy velvet toys on Friday in the production line of a toy company in Lianongang, Jiangsu Province, China. (CFOTO / Future Publishing / Getty Images)

Non -profit trade association that shows more than 950 jobs in the industry because of a White House Law It was implemented last week, which exempts some electronics from Chinese import tariffs.

Last month, some US toy companies said they experienced and increased domestic production among the president Donald Trump Import tariff.

Prime Minister says Canada says tariffs with Trump's manager after the April 28 election.

Chinese toys in California's target

Chinese -made toys are displayed on April 8 at a target store in Salnito, California. (Justin Sullivan / Getty Pictures)

Fox trade ' Lauren Simonti Simplay3 based in Ohio “hire 10 % of more workers and runs 7/7 to produce its products.

The company produces slides, playback houses, play tables and a lot of them Other children's toys Using a rotational molding process in its facilities northeast of Ohio, on your website.

The employee works in a toy factory that creates a solar toy

An employee works on Friday at a toy factory specializing in solar plastic equipment in Yiwu, East Province of Zajiang China. (Adek Berry / AFP / Getty Images)

CRA-Z -rt announced that with the increase of the United States' production space by 50 % to “fight the costs of imported goods from China and other countries, it plans to increase its toys in the US.

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The move increases the internal manufacturer of the manufacturer of the manufacturer to 1.5 million square feet from its current 1 million square feet, according to CRA-Z-. Its US factories in Louisburg, Tennessee, and Jacksonville, Florida.

Fox Business' Aislinn Murphy has been involved in this report.



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