More than 60 percent of toymakers forced to cancel orders as Trump's tariffs threaten Christmas
Source: The Independent
Wednesday 30 April 2025 09:39 EDT
Hundreds of toymakers have canceled orders since President Donald Trump imposed hefty tariffs on China, raising the prospect of a nightmare before Christmas.
Earlier this month, Trump imposed a 145 percent levy on China — which is responsible for producing 80 percent of all toys and 90 percent of Christmas goods sold in America, according to the New York Times. Now, smaller toy manufacturers have said they’ve been forced to cancel orders due to the markups.
In a Toy Association survey of 410 small and medium-sized toy manufacturers taken this month, 64 percent of small toy companies and 80 percent of mid-sized toy companies said they have canceled orders. Meanwhile, roughly half said they would go out of business within weeks or months if U.S. tariffs on China remained in place.
“We have a frozen supply chain that is putting Christmas at risk,” Greg Ahearn, president and CEO of Toy Association, told the Times. “If we don’t start production soon, there’s a high probability of a toy shortage this holiday season.”
Read more: https://www.the-independent.com/news/world/americas/us-politics/trump-tariffs-toymakers-cancel-orders-b2742311.html
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