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Huntar's plight typifies a crisis facing countless factories in China, where about 80% of toys sold in the US are manufactured, according to trade group The Toy Association.
STORY: Around four decades ago, David and Jason Cheung's father fled communist China and resettled in California, starting a toy business that has stayed in the family.His sons built up the ...
Facing 145% US tariffs, toy maker Huntar Inc. halted China production, slashed jobs, and is racing to relocate to Vietnam. CEO Jason Cheung, caught between trade war crossfire, may shutter the ...
One family-run business, which expects a 30 percent revenue loss this year, won’t have enough inventory for the holiday ...
Furthermore, many toy manufacturers are considered small businesses. It’s much easier for them to tap in to the existing infrastructure in China than to build factories in the US from scratch ...
US toy makers are getting slammed this summer by President Trump’s China tariffs — and some are sounding dire warnings about price hikes, sluggish sales and worse if the chaos isn’t resolved ...
Toys expected to cost more by fall due to new US tariffs on Chinese imports The Toy Association notes that nearly 80% of the toys sold in the U.S. are sourced from China.
The vast majority of toys sold in the United States, 80%, are made in China, and with a 145% tariff on imports, factories have halted all shipments.
A toy industry CEO is sounding the alarm about what impact tariffs on China could have on Christmas in the U.S.
Furthermore, many toy manufacturers are considered small businesses. It’s much easier for them to tap in to the existing infrastructure in China than to build factories in the US from scratch ...
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