US toymakers scramble to adjust to Trump tariffs

Other options: Barbies for sale at a toy store in New York City. Mattel is looking at other places to make its toys and China will represent less than 40% of its global manufacturing this year, down from about 50% in 2024. — AFP

WASHINGTON: America’s toymakers outsourced manufacturing to China in the 1980s to cut costs. Nearly half a century later, that decision could bankrupt them. 

Almost half of the more than 400 US companies surveyed by the Toy Association, a trade organisation, said President Donald Trump’s 145% tariffs on goods imported from China implemented in April will put them out of business within months.