Reported about 10 hours ago
Tariffs on toys have decreased from 145% to 30%, but the increased costs are anticipated to impact consumers by 2026. Jay Foreman, CEO of Basic Fun!, notes that while some of these costs may be absorbed by importers and retailers, ultimately, consumers will feel the effects through higher prices. As the holiday season approaches, there are also concerns about supply shortages and the spending power of lower-income consumers, suggesting a challenging year for toy sales.
Source: YAHOO