The Fort Worth Press - Trump tariffs stunt US toy imports as sellers play for time

USD -
AED 3.672504
AFN 66.265317
ALL 82.40468
AMD 381.537936
ANG 1.790403
AOA 917.000367
ARS 1449.250402
AUD 1.508523
AWG 1.8025
AZN 1.70397
BAM 1.670125
BBD 2.014261
BDT 122.309039
BGN 1.670704
BHD 0.377951
BIF 2957.004398
BMD 1
BND 1.292857
BOB 6.910892
BRL 5.541304
BSD 1.000043
BTN 89.607617
BWP 14.066863
BYN 2.939243
BYR 19600
BZD 2.011357
CAD 1.37965
CDF 2558.50392
CHF 0.79556
CLF 0.023213
CLP 910.640396
CNY 7.04095
CNH 7.033604
COP 3808
CRC 499.466291
CUC 1
CUP 26.5
CVE 94.159088
CZK 20.779904
DJF 178.088041
DKK 6.380104
DOP 62.644635
DZD 130.069596
EGP 47.704197
ERN 15
ETB 155.362794
EUR 0.853804
FJD 2.283704
FKP 0.746974
GBP 0.747496
GEL 2.68504
GGP 0.746974
GHS 11.486273
GIP 0.746974
GMD 73.000355
GNF 8741.72751
GTQ 7.663208
GYD 209.231032
HKD 7.78155
HNL 26.346441
HRK 6.433104
HTG 131.121643
HUF 330.190388
IDR 16697
ILS 3.20705
IMP 0.746974
INR 89.57735
IQD 1310.106315
IRR 42100.000352
ISK 125.630386
JEP 0.746974
JMD 160.018787
JOD 0.70904
JPY 157.75804
KES 128.909953
KGS 87.450384
KHR 4013.492165
KMF 420.00035
KPW 899.985447
KRW 1475.760383
KWD 0.30723
KYD 0.83344
KZT 517.535545
LAK 21660.048674
LBP 89556.722599
LKR 309.636651
LRD 177.012083
LSL 16.776824
LTL 2.95274
LVL 0.60489
LYD 5.420776
MAD 9.166901
MDL 16.930959
MGA 4548.055164
MKD 52.559669
MMK 2099.831872
MNT 3551.409668
MOP 8.015542
MRU 40.023056
MUR 46.150378
MVR 15.450378
MWK 1734.170189
MXN 18.033704
MYR 4.077039
MZN 63.903729
NAD 16.776824
NGN 1460.160377
NIO 36.804577
NOK 10.138704
NPR 143.372187
NZD 1.737016
OMR 0.385423
PAB 1.000043
PEN 3.367832
PGK 4.254302
PHP 58.571038
PKR 280.195978
PLN 3.59225
PYG 6709.363392
QAR 3.641038
RON 4.335404
RSD 100.004038
RUB 80.695957
RWF 1456.129115
SAR 3.750651
SBD 8.146749
SCR 15.161607
SDG 601.503676
SEK 9.268304
SGD 1.293304
SHP 0.750259
SLE 24.050371
SLL 20969.503664
SOS 570.513642
SRD 38.441504
STD 20697.981008
STN 20.921395
SVC 8.750267
SYP 11057.107339
SZL 16.774689
THB 31.425038
TJS 9.215661
TMT 3.5
TND 2.927287
TOP 2.40776
TRY 42.746504
TTD 6.787925
TWD 31.518904
TZS 2495.196618
UAH 42.285385
UGX 3577.131634
UYU 39.263908
UZS 12022.543871
VES 282.15965
VND 26312.5
VUV 121.400054
WST 2.789362
XAF 560.144315
XAG 0.014892
XAU 0.000231
XCD 2.70255
XCG 1.8024
XDR 0.69664
XOF 560.144315
XPF 101.840229
YER 238.403589
ZAR 16.77901
ZMK 9001.203584
ZMW 22.626703
ZWL 321.999592
  • RBGPF

    0.0000

    80.22

    0%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • BCC

    -2.9300

    74.77

    -3.92%

  • RIO

    0.6900

    78.32

    +0.88%

  • GSK

    0.3200

    48.61

    +0.66%

  • RYCEF

    0.2100

    15.61

    +1.35%

  • NGG

    -0.2800

    76.11

    -0.37%

  • RELX

    0.0800

    40.73

    +0.2%

  • BCE

    -0.0100

    22.84

    -0.04%

  • AZN

    0.7500

    91.36

    +0.82%

  • JRI

    -0.0500

    13.38

    -0.37%

  • VOD

    0.0400

    12.84

    +0.31%

  • BTI

    -0.5900

    56.45

    -1.05%

  • BP

    0.6300

    33.94

    +1.86%

Trump tariffs stunt US toy imports as sellers play for time
Trump tariffs stunt US toy imports as sellers play for time / Photo: © AFP

Trump tariffs stunt US toy imports as sellers play for time

Josh Staph fears the fun-packed shelves of his toy warehouse might start looking joyless in the months ahead, with made-in-China flying discs and model gliders grounded -– like much of his product line –- by Donald Trump's tariffs.

Text size:

"Things have ground to a halt," said Staph, chief executive of Duncan Toys Company, which has a warehouse in Indiana.

With his products now facing a steep 145 percent levy, "we stopped shipping goods into the US," he added.

Nearly 100 days into President Donald Trump's White House return, US businesses are scrambling to adjust to fast-changing trade policies.

The $40 billion toy industry, which heavily relies on production in China, is hard hit, companies tell AFP.

Of over $17 billion worth of toys imported to the US last year, more than $13 billion came from China.

Duncan's entire product range is designed and developed in the United States, Staph said, but Chinese factories make almost all the toys.

Firms there have developed specialized abilities to produce intricate parts for items like its best-selling yo-yos.

Most American toy companies have halted shipments since Trump imposed new tariffs on many products from China this year, Staph said.

The move raised the duty that US firms pay when they import any Chinese-made toys -- from plushies to action figures -- from zero to 145 percent, more than doubling import costs.

"It's pretty debilitating," Staph added. "As a business leader, after 100 days of the administration, I'd say that the most challenging part is the uncertainty."

"It's tough to build any sort of strategy and go for a plan when we know that things are changing almost on a daily basis."

- 'Tariff surcharges' -

Rita Pin Ahrens, who runs three toy stores including one in Washington, started receiving "tariff surcharges" of 15 percent to 25 percent in March. She expects them to mount to 145 percent.

Many of the thousands of toys she sells are either imported from places like China, or are partially made in the world's second biggest economy.

Still, she said: "We're trying to minimize the cost to our consumers."

This has meant holding off purchases that become too pricey or stocking up before tariffs kicked in. And shipment delays have already begun.

"It has been a complete nightmare," she said. "I am really, truly worried about whether we can actually sustain the store."

Many US brands are small businesses with limited cashflow, said Greg Ahearn, chief executive of industry group The Toy Association.

They struggle to pay sudden tariffs on containers of toys that may have already been manufactured.

Meanwhile, "production of toys has all but stopped in China," he said.

- 'Difficult Christmas' -

Staph of Duncan Toys said inventory to supply US retailers like Target and Walmart through year-end holidays has not entered the country yet.

Typically, toys produced in spring arrive over the summer for shipping in the fall as stores prepare for the holiday shopping boom, with around 90 percent of stock coming from overseas.

"If this isn't cleared up in 30 to 60 days, it's going to be a really difficult Christmas season with empty shelves in a lot of major retailers," Staph warned.

And if tariffs remain in force, "the pricing of those toys that are even available will probably be twice, if not more, the price they were last year," said Ahearn of The Toy Association.

While the United States makes some toys, many products require hand labor and it will take years to grow the US manufacturing base, Ahearn believes.

The injection molding process used to produce many items requires extremely large, heavy tools that cannot be moved and must be installed from scratch.

Companies were ready to work around Trump's 10 percent additional tariff on Chinese imports, imposed in February over China's alleged role in the fentanyl supply chain.

But in March, Trump raised the level to 20 percent. In April, the figure exploded to 145 percent.

Staph hopes the toy industry can gain exemptions, noting that Trump has begun targeting specific industries.

"Toys are important for children's development," Ahrens said, noting that toys were excluded from tariffs during Trump's first administration.

"I really urge the president to do that again."

P.McDonald--TFWP