At the Toy Fair New York, the primary focus was overshadowed by looming tariffs on Chinese goods, crucial for the toy industry. With nearly 80% of toys in the U.S. made in China, President Trump's latest tariff announcement has left many manufacturers pondering how to manage the increased costs. Companies like Mary Meyer Corporation are in a state of uncertainty, while Basic Fun seeks innovative solutions to absorb some of the costs without passing them entirely onto consumers. This situation exemplifies the changing dynamics of global trade and its impact on everyday products.
Almost 80 percent of toys sold in the United States are made in China. With the new tariffs, manufacturers must navigate increased costs and pricing strategies.
Linda Colson from Mary Meyer Corporation expressed the uncertainty felt by many companies, stating, "We don't know what to do; I think a lot of people are just waiting to see what everybody else is doing."
Jay Foreman of Basic Fun remarked on the challenges faced, saying, "After Mr. Trump ordered the 10 percent tariff on China... the company's plan to split the burden went right out the window."
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