Lauren Simonetti of Fox Business informs about the various ways in which the fucking American benefit from the rates of President Donald Trump.
A CEO of the toy industry is playing the alarm on which impact rates could have in China at Christmas in the United States.
“Toys are not being produced in China. And there are reports that the main retailers here in the US. They are beginning to cancel orders. Then, Jake, Christmas is at risk,” Greg Ahearn, president and CEO of the toys association, said on “The Lead With Jake Tapper,” according to Jake Tapper. ” The hill.
Ahearn said that 145% tariffs on China could increase the prices of games, dolls, cars and other 15-20% toys for autumn, Fox television stations reported, What Toy’s association attributed to say that almost 80% of toys sold in the United States come from China.
“The toys association aggressively advocates a tariff exemption for toys and its contribution helps us make possible the strongest case,” said Kathrin Belliveau, policy director of the Toy Association, in a statement on Monday. “With the tariffs of this magnitude on the table, it is more important than ever understanding how your business will be affected.”
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The workers produce stuffed animals for sale to countries along the belt and the road in the production line of a toy company in Lianyungang, Jiangsu province, China, on April 11, 2025. (Cfoto / Future Publishing / Getty Images)
The non -profit commercial association that represents more than 950 companies in the industry hopes for a White House Rule Implemented last week that exempts some electronic products from Chinese import rates.
Last month, some US toys manufacturing companies said they were experiencing an impulse and increasing national manufacturing in the middle of the president Donald Trump’s Tarified imports.
Chinese manufacturing toys are shown on a shelf in a Target store on April 8, 2025 in Sausalito, California. (Justin Sullivan / Getty images)
Fox business’ Lauren Simonetti He informed that Simplay3 based in Ohio was “hiring 10% more workers and executing this operation 24/7” to manufacture their products.
The company produces slides, game houses, game tables and a lot of Other children’s toys Using a rotational molding process in its facilities in the Northeast of Ohio, according to its website.
An employee works in a toy factory specialized in plastic devices with solar energy in Yiwu, the eastern province of Zhejiang of China, on April 11, 2025. (Adek Berry / AFP / Getty Images)
CRA-Z-ART announced that it planned to increase its manufacture of toys in the United States by increasing its manufacturing space of the United States by 50% to “combat the cost of tariffs for imported products from China and other countries.”
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This movement will raise the national manufacturing space of toys, art and school supplies to 1.5 million square feet of its current more than 1 million square feet, according to CRA-Z-ART. His American factories are found in Lewisburg, Tennessee and Jacksonville, Florida.
Aislinn Murphy of Fox Business contributed to this report.
