Tariffs Hit Toy Industry Hard Ahead of Holidays

New tariffs on imported toys and board games are causing significant financial strain for American businesses and consumers, especially as the holiday season approaches. Despite President Trumps suggestion that children would be fine with fewer, more expensive toys, experts note a lack of evidence for increased American toy production. Toy companies are facing double-digit tariffs, with retailers like Mattel reporting sales slumps and smaller businesses like Queens Treasures experiencing layoffs and product shortages. The situation is further complicated by the lack of domestic infrastructure for game production.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.