Reported 12 days ago
Recent increases in tariffs on toys from China by President Trump have skyrocketed to 145%, severely impacting the toy industry. As nearly 80% of toys sold in the US are manufactured in China, these tariffs threaten to make affordable toys a luxury for American families. Toy manufacturers, including MGA Entertainment, are facing tough choices, with increased costs leading to potential layoffs and business closures, as the pressure mounts to either raise prices or navigate a challenging supply chain landscape.
Source: YAHOO