Tag #Toy Industry

Showing 1 to 12 of 14 results

europe.chinadaily.com.cn
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EU Toy Makers Face US Tariffs

A new trade deal between the EU and the US imposes a 15 percent tariff on most EU toy exports to the US, impacting €280 million worth of exports and forcing many small and medium-sized businesses to adjust profit margins and potentially raise prices.

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44% Bias Score

Decent Work and Economic Growth
nbcnews.com
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Tariffs Hit Toy and Automakers Hard, Causing Billions in Losses

In Q2 2024, tariffs cost Hasbro $1 billion and may cost Mattel up to $100 million, while General Motors incurred $1.1 billion in losses, impacting toy and auto production and potentially causing price hikes and shortages.

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44% Bias Score

Decent Work and Economic Growth
nbcnews.com
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Unclear Tariffs on Chinese Toys Create Uncertainty for Small Businesses

Seattle resident Dan Linden faces financial uncertainty due to unclear tariffs on his imported game, Offshoots, highlighting the broad impact of President Trump's unpredictable trade policies on the U.S. toy industry.

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52% Bias Score

Decent Work and Economic Growth
cbsnews.com
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US Toy Maker Sees 50% Demand Surge Amidst Tariff Uncertainty

The Rodon Group, a Pennsylvania-based plastics company, is experiencing a 50% increase in demand due to uncertainty surrounding President Trump's tariffs on Chinese goods, highlighting the impact of trade policy on domestic manufacturing and the need for investment in automation and STEM education.

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44% Bias Score

Decent Work and Economic Growth
us.cnn.com
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145% Tariffs on Chinese Toys Threaten US Industry

Increased tariffs on Chinese-made toys, reaching 145%, are forcing US toy companies to raise prices significantly, threatening the industry's survival and impacting consumer affordability.

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60% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
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Guizhou Toy Factory Navigates US Tariffs, Emphasizing Rural Employment

Facing US tariffs, Songtao Qiaoji Toys Co Ltd, a Disney OEM in Guizhou, China, maintains robust export orders (70% US-based) despite concerns about their 60 million yuan output goal for 2025, while employing over 1000 workers through a unique rural micro-factory model.

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36% Bias Score

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usa.chinadaily.com.cn
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EU Toy Makers Face US Tariffs, China Supply Chain Concerns

A new EU-US trade deal imposes a 15 percent tariff on most EU toy exports to the US, impacting 50,000+ EU toy industry jobs and forcing toy makers to adjust profit margins or risk collapse, while the industry awaits the outcome of US-China trade talks.

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44% Bias Score

Decent Work and Economic Growth
us.cnn.com
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US Toy Prices to Rise Due to Tariffs

Hasbro CEO Chris Cocks expects US toy prices to rise between August and October due to new tariffs on Chinese and Vietnamese goods, impacting Hasbro's supply chain despite diversification efforts; higher labor costs in the US hinder domestic manufacturing expansion.

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36% Bias Score

Reduced Inequality
forbes.com
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Pop Mart Founder Wang Ning Joins China's Top Ten Billionaires

Wang Ning, founder of Pop Mart, became China's 10th richest person with a $22.7 billion net worth, driven by the global popularity of its Labubu dolls, resulting in a tripling of the company's Hong Kong-listed shares this year.

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48% Bias Score

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theglobeandmail.com
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US Tariffs Force Spin Master to Restructure, Withdraw Financial Guidance

Spin Master Corp. withdrew its financial guidance due to US tariffs on Chinese goods, reporting a US$24.5 million first-quarter loss despite a revenue increase to US$359.3 million; the company plans to diversify production to mitigate the impact.

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44% Bias Score

Decent Work and Economic Growth
europe.chinadaily.com.cn
🌐 75% Global Worthiness
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US Tariffs Cloud Outlook for Chinese Toy Maker

Facing new US tariffs, Guizhou's Songtao Qiaoji Toys Co Ltd, a Disney OEM, maintains robust export orders (70% US) but faces uncertainty for its 60 million yuan 2025 target; inland relocation reduced labor costs by 80% compared to Guangdong, creating 1,000 jobs across seven sites.

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44% Bias Score

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africa.chinadaily.com.cn
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Chinese Toy Maker Navigates US Tariffs

Facing US tariffs, Songtao Qiaoji Toys Co Ltd in Guizhou, China, which produces plush toys for Disney and generates 400 million yuan annually, is seeking to mitigate risks while expanding its market share and developing its own products.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 14 results