Toy inventors, toy manufacturers and buyers, for shops selling toys, a top weekend for the four-day trading show in New York, the topics designed for holiday desire lists, displays
President Donald Trump said he plans to increase the additional tariff in China in February. Would he be? On Tuesday, the last day of the toy exhibition, the participants responded, and talked about how the cost of toys will affect the prices.
About 80% of the toy sold in the United States stems from China. Many toy producers are already reconsidering prices that have difficulty products to see that retailers and products will reduce costs.
President and General Director of Toy Association Greg Ahearn, games, puppets, cars and other toys, up to 15% price increase in rear to-school shopping season. US consumers are ready to pay the price range from anywhere 4.99 to $ 19.99, and the lesser are separated from the little walking room to increase prices.
“Ahmad was not”, “he said, the small enterprises made about 96% of the American toy industry.
Trump also progressed with a 25% tariff in products imported from Canada and Mexico this week. Some companies brought their production to Mexico to be close to the United States on Wednesday, although the President refused to freedom from tariffs in neighboring North American nations.
Trump’s variable expressions and tariff policies have complicated their plan to plan to do soak companies.
Key Fun General Director Jay Foreman, Tonka Trucks, Maintenance Bears and Other Toys in China, China produced in China, was not sure that the tariff on Chinese belongings discussed in the campaign trail.
“If you plan in a chaotic environment, you have a chance to be wrong than being right,” Foreman said in the Toy Exhibition booth. According to him, all entertaining toy products are being prepared in China, except for a building set in the United States.
After the Trump was applied 10% to China, foreman, foreman, retailers have been working hard to share a retail sellers to consumers. Now the import duty has twice, he said that many items should raise the prices of the items.
For example, a ton of classic steel sold for $ 29.99, most likely, will probably go up to $ 39.99.
Toy Association, from 10% to 25% of tariffs to 25% of the toy industry in the first term was difficult to release tariffs. The group was unable to repeat expertise, trying to educate the members of the Congress again, to repeat the expert in Chinese factories, trying to educate members of Congress again.
Ahearn noted that the coast of production and crafts built over time in China is a majority of the coast of production and crafts.
The highly qualified and low-valuable workforce in China is currently not available, and it will also take the same time to build it.
Some toy companies look at the ways that prices are not increasing.
Steve Rad, Director General of the Toy Manufacturer Steve Rad, said that Austin said the transition to factories such as Cambodia or Vietnam, but the same level came to the victims.
However, the company produced in the United States to start receiving one of the Chinese-made products. Abacus brands found a Texas factory that can produce pixisade, which transforms the doodles and paintings, without any extra cost. Rad, the version of the United States is expected to be in stores for August.
Other Abacus brands Toys are more complex, said rad, and he does not see us as much as possible. Instead, investigates that some product features can lower the costs.
FireMan, one of the main entertainment, said he planned to offer new spins to look new to their existing toys. Take mash’ems with a soft, water-filled collection with different licensed characters packaged in small cardboard boxes.
“Maybe I will change the color of the box,” he said. “Or maybe I’ll put it in a plastic container.”
Some retailers have already received letters from the toy suppliers that announce the price increase.
Richard Derr, Zurich, Illinois, Illinois and 85 Member Learning Express Franchise’s owner of Express Franchise, the president of the franchise board. This suppliers ask questions for a good way, because many have accelerated the supply from China before tariffs.
He and other learning Express franchisees suddenly learn the alternatives to the suppliers they want to raise prices.
He said that customers were not worried about what the market compared to what a year’s expenses compared to the market for the market for the market.
“We are a day, one day, a day, two things are in the period and change up and down,” Derr said. “So now, to remove something, I think that in fact, the casserole is preparing casserole when you can’t cook.”
-New Anne d’Hovinoenzio, AP Working Writer