Trade policy is evolving quickly. Check here daily for curated updates affecting the toy and hobby industry and learn how these developments impact small businesses, families, educators, and communities across America.

October 28, 2025

What To Expect From Thursday's US-China Trade Talks

Upcoming talks between President Donald Trump and Chinese president Xi Jinping could defuse several major economic flashpoints in the trade war between the two countries.

Source: Investopedia

October 28, 2025

US inks Southeast Asia trade pacts, touts China negotiation progress

The White House reached reciprocal tariff deals or frameworks with Vietnam, Thailand, Cambodia and Malaysia while hinting at a potential trade truce with China.

Source: Supplychaindive

October 22, 2025

Small businesses and states ask court to uphold orders striking down Trump’s tariffs

Lawyers for small businesses and states challenging President Donald Trump’s authority to impose sweeping tariffs on almost all goods imported into the United States urged the Supreme Court on Monday to leave in place rulings by lower courts that struck down most of the tariffs.

Source: Scotusblog

October 3, 2025

USTR Tariffs Set to Cost Container Carriers $3.2 Billion in 2026, Alphaliner Says

The global shipping industry faces a significant financial challenge as United States Trade Representative (USTR) actions to “reverse Chinese dominance and restore American shipbuilding” take effect later this month.

Source: gCaptain

October 2, 2025

Trump trade chief Greer says 55% China tariffs a 'good status quo'

U.S. tariffs on Chinese imports of around 55% are a "good status quo," but the Trump administration would like to find areas where bilateral trade could increase more freely, U.S. Trade Representative Jamieson Greer said on Tuesday.

Source: Reuters

October 1, 2025

Toys & Tariffs: What to get now to save ahead of the holidays

Normally, it would seem that September was a little early to start holiday shopping, but with this being the first holiday season with added tariffs, we asked a toy expert what they think the best move would be to save.

Source: NBC

September 30, 2025

Federal Circuit upholds Section 301 Tariffs on Chinese imports

On Sept. 25, the Federal Circuit issued a landmark decision in HMTX Industries, et al. v. United States, affirming the legality of Section 301 tariffs on Chinese imports for products in Lists 3 and 4A.

Source: JDSupra

September 26, 2025

Federal Circuit Upholds CIT Decision Supporting China Section 301 Lists 3 and 4A Tariffs

On September 25, 2025, a three-judge panel at the U.S. Court of Appeals for the Federal Circuit (CAFC) upheld the decision of the Court of International Trade (CIT) sustaining the China Section 301 tariffs. 

Source: SmartTrade

September 24, 2025

USITC Releases The Year in Trade 2024

The U.S. International Trade Commission (Commission or USITC) today released The Year in Trade 2024, its annual overview of developments regarding the administration of U.S. trade laws and trade agreements.

Source: USITC

September 15, 2025

From bananas to toys, these 5 charts show how much costs have risen since Trump's tariffs went into effect

Inflation has picked up since President Donald Trump announced new import tariffs in April, with the latest consumer price index data showing outsized increases in tariff-sensitive categories, including coffee, toys and televisions.

Source: CNBC

September 15, 2025

US, Chinese officials hold talks in Spain on trade irritants, TikTok deadline

MADRID, Sept 14 (Reuters) - U.S. and Chinese officials began talks in Madrid on Sunday on their strained trade ties, a looming divestiture deadline for Chinese short video app TikTok and Washington's demands that its allies place tariffs on China over its purchases of Russian oil.

Source: Reuters

September 15, 2025

Supreme Court Consolidates IEEPA Tariff Appeals and Agrees to Expedite Review

On September 9, 2025, the Supreme Court agreed to review the decision of the U.S. Court of Appeals for the Federal Circuit in V.O.S. Selections, Inc., et al. v. Trump, et al., where the Federal Circuit found President Trump lacks legal authority to impose certain tariffs under the International Emergency Economic Powers Act (IEEPA). 

Source: JDSupra

September 12, 2025

The U.S. Supreme Court Will Soon Decide the Fate of President Trump’s Tariffs

On Sept. 9, 2025, the U.S. Supreme Court issued an order granting the government’s petition for a writ of certiorari to hear, on a consolidated basis, two cases concerning the legality of certain tariffs imposed this year by President Trump.

Source: National Law Review

September 10, 2025

IEEPA, Section 232, Section 301: 11 Websites To Track Trump Tariffs

A federal appeals court ruled two weeks ago that President Trump’s tariffs based on a national emergency are illegal – and the president wasted little time in seeking an expedited date with the Supreme Court.

Source: Forbes

September 4, 2025

Trump says US may have to 'unwind' trade deals and will 'suffer greatly' if it loses tariff case

President Donald Trump said on Wednesday the U.S. might have to "unwind" trade deals it reached with the European Union, Japan and South Korea, among others, if it loses a Supreme Court tariffs case, and warned that a loss would cause the U.S. "to suffer so greatly."

Source: Reuters

September 3, 2025

US court ruling on Trump's tariffs fuels market uncertainty

U.S. investors returning from Labor Day break on Tuesday were hit with fresh uncertainty in trade policy after a federal appeals court ruled most of President Donald Trump's sweeping tariffs illegal, setting up a potential showdown at the Supreme Court.

Source: Reuters

September 3, 2025

U.S. Court of Appeals (Federal Circuit) Rules that Global Reciprocal & Emergency Tariffs Issued under IEEPA are Illegal

As previously shared in an email update to the full Toy Association membership, the U.S. Court of Appeals for the Federal Circuit has affirmed a lower court ruling (the May 28, 2025 U.S. Court of International Trade ruling) that tariffs imposed under the International Economic Emergency Powers Act (IEEPA) by the Trump Administration are unlawful.

Source: Toy Association

September 2, 2025

Trump tariffs live updates: Bessent sees Supreme Court upholding tariffs as Trump blasts India

US Treasury Secretary Scott Bessent said Monday he is confident the Supreme Court will back President Trump's use of a 1977 emergency law to impose broad tariffs, but noted the administration has a backup plan if it doesn't.

Source: Yahoo Finance

September 2, 2025

Here’s what to know about the court ruling striking down Trump’s tariffs

A federal appeals court said the president overstepped his authority when he imposed sweeping import duties

Source: The Guardian

September 1, 2025

Appeals court finds Trump had no right to impose tariffs, but leaves them in place for now

A federal appeals court ruled Friday that President Donald Trump had no legal right to impose sweeping tariffs but left in place for now his effort to build a protectionist wall around the American economy.

Source: PBS

August 31, 2025

Court Rules Trump Tariffs Unlawful… Again, but the Battle Plays On

A 127-page ruling lands a blow against Trump’s trade policies, but tariffs remain in play — leaving toymakers stuck in the ring.

Source: Toybook

August 30, 2025

Donald Trump Vows Supreme Court Appeal After Judges Rebuke His Tariffs

A federal appeals court ruled Friday that President Donald Trump had no legal authority to impose sweeping tariffs under emergency powers law, dealing a major setback to his efforts to reshape global trade on his own terms.

Source: Newsweek

August 28, 2025

Toy Purchasers Have ‘Stronger Tariff Anxieties Than the General Population’

While more than 40 percent of Americans are concerned about tariffs, the majority of frequent purchasers or major toy brands like Melissa & Doug and vTech harbor much stronger tariff anxieties than the general population. 

Source: Giftsanddec.com

August 26, 2025

‘They have to give us magnets’: Trump warns of 200% tariff on China if exports are curbed

U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports of rare-earth magnets were curbed, threatening a precarious trade truce between the world’s two largest economies.

Source: CNBC

August 25, 2025

Small businesses are scrambling as US tariff exemption comes to an end

International postal services are suspending shipments to the United States after an exemption on tariff duties for small packages is set to expire.

Source: Yahoo Finance

August 24, 2025

Adults driving surge in toy sales as ‘kidult’ trend grows

From teddy bears and Lego bricks to trading cards and Star Wars figurines, a new trend is reshaping the toy industry: consumers over the age of 12, dubbed “kidults,” are purchasing products that celebrate their inner child through nostalgia.

Source: CTV News

August 22, 2025

American businesses in 'survival mode' as Trump tariffs pile up

After fighting in the Vietnam War, Richard May returned to the United States and enrolled in business school, where an economics class made a big impression on him.

Source: Economic Times

August 20, 2025

Trump tariffs live updates: Bessent says US happy with China trade setup, Trump tariffs seen topping $300B

US Treasury Secretary Scott Bessent said the US is content with its current tariff setup with China, signaling the Trump administration wants stability ahead of the November trade truce deadline.

Source: Yahoo Finance

August 12, 2025

FURTHER MODIFYING RECIPROCAL TARIFF RATES TO REFLECT ONGOING DISCUSSIONS WITH THE PEOPLE’S REPUBLIC OF CHINA

Official statement from the White House.

Source: whitehouse.gov

August 12, 2025

Trump extends China tariff deadline by 90 days

President Donald Trump on Monday delayed high U.S. tariffs on Chinese goods from snapping back into place for another 90 days, a White House official told CNBC.

Source: CNBC

August 7, 2025

Trump tariffs live updates: Trump boasts of tariff billions, vows to punish China for Russian oil

President Trump took to Truth Social on Thursday to boast about his latest round of tariffs kicking in.

Source: Yahoo Finance

August 7, 2025

Summary of Tariff Requirements Updated: August 4, 2025

Provided below is a status update and summary of tariffs that have been implemented since February 1, 2025, and impacts on imports from multiple countries.

Source: JDSupra

August 6, 2025

Transshipment is the new dirty word of trade

Where is it from? It's one of the top questions customs officials must ask of every shipment, alongside what it is and how much it is worth.

Source: Reuters

August 6, 2025

New Reciprocal Tariff Rates Announced, but the Real Risk Is Hidden: Transshipment Enforcement Now Comes With an Additional 40% Tariff

On July 31, 2025, President Trump issued a new Executive Order modifying the reciprocal 10% global tariff introduced earlier this year.

Source: JDSupra

August 4, 2025

US trade advisor says Trump tariff rates are ‘pretty much set’ after deadline was pushed back

New US tariff rates are “pretty much set” with little immediate room for negotiation, Donald Trump’s trade advisor said in remarks aired Sunday, also defending the president’s politically driven levies against Brazil.

Source: Fortune

August 1, 2025

Treasury Secretary Bessent says 'we have the makings of a deal' with China

Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to a trade pact as a key tariff deadline nears.

Source: CNBC

August 1, 2025

Tariffs get frosty reception at federal appeals court

During a lengthy oral argument, judges were skeptical that Trump had the power to use an emergency law to enact the tariffs.

Source: Politico

July 30, 2025

Trump tariffs live updates: No tariff pause announced after US-China talks; Trump plans 20–25% India tariffs

President Trump told reporters that India may be hit with a tariff rate of 20% to 25% and cautioned that the final levy still hadn't been decided.

Source: Yahoo Finance

July 29. 2025

Tariffs will likely raise toy prices, toymaker warns

Tariffs on toys have dropped from 145% to about 30%, but higher costs will still likely reach consumers by 2026.

Source: Yahoo Finance

July 28, 2025

US, China to Resume Trade Talks Ahead of August Deadline

‘We’re very close to a deal with China,’ Trump said.

Source: Epoch Times

July 28, 2025

EU and US agree trade deal, with 15% tariffs for European exports to America

The United States and European Union have agreed a trade deal, ending a months-long standoff between two of the world's biggest economic partners.

Source: BBC

July 28, 2025

Strategic Implications of US-China Trade Talks for Global Tariff Dynamics and Market Access

The U.S.-China trade relationship has long been a fulcrum of global economic stability, and the recent 90-day tariff truce announced in July 2025 marks a critical inflection point.

Source: AInvest

July 28, 2025

E.U.-U.S. tariffs: 5 key takeaways from the trade deal

Donald Trump and Ursula von der Leyen announced a deal on Sunday, but questions remain over what the finished picture will be

Source: The Guardian

July 27, 2025

Navigating the Yuan's Volatility: Strategic Portfolio Adjustments for 2025

The Chinese yuan (CNY) has been a focal point for global investors in 2025, oscillating between resilience and fragility amid escalating U.S. tariffs and shifting trade dynamics.

Source: AInvest

July 25, 2025

Small businesses warn of Trump tariff impact on toy industry at Comic-Con

Small business owners used the festive backdrop of Comic-Con to discuss a sobering topic: the negative impact that US President Donald Trump's proposed tariffs are having on the toy industry.

Source: Yahoo Finance

July 24, 2025

Trump tariffs live updates: Trump lifts tariff baseline rate, warns countries face 15-50% range

President Trump is settling on a new baseline tariff rate as the US clinched a trade deal with Japan and made progress toward a similar deal with the European Union.

Source: Yahoo Finance

July 22, 2025

Toymakers’ Holiday Outlook Under Pressure From Tariffs, Layoffs

The toy industry continues to face a challenging environment that is threatening profitability and increasing risk, experts say

Source: WSJ

July 21, 2025

U.S.-China Trade Diplomacy and the October APEC Summit: Navigating Risks and Opportunities in a Shifting Global Supply Chain Landscape

The potential in-person meeting between U.S. President Donald Trump and Chinese President Xi Jinping ahead of the October 2025 APEC summit in South Korea is more than a diplomatic gesture—it's a pivotal moment for global investors.

Source: AInvest

July 20, 2025

Trump's Subtle Tariff Strategy: A New Approach to Trade Policy

President Trump's tariff strategy involves two sets of tariffs, authorized by the International Emergency Economic Powers Act (IEEPA) and Section 232 of a 1962 trade law.

Source: AInvest

July 17, 2025

Trump tariffs live updates: Trump says he'll send letters to over 150 countries, plans tariff barrage Aug. 1

President Trump on Wednesday said he would be sending letters to over 150 countries as he plans a barrage of duties to take effect Aug. 1, including levies on pharmaceutical imports and semiconductors.

Source: Yahoo Finance

July 17, 2025

June CPI Report: Tariffs Are Finally Hitting US Consumers’ Wallets

Latest inflation data shows prices rose for furniture, toys, apparel, and appliances—all vulnerable to impact of tariffs.

Source: Morningstar

July 15, 2025

Trump tariffs live updates: EU warns of 'big gap' as Trump amps up threats on EU, Canada, Mexico

President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August.

Source: Yahoo Finance

July 14, 2025

How the toy industry is feeling the effects of Trump’s tariffs

President Trump is dialing up the pressure on several countries in pursuit of trade deals.

Source: PBS

July 11, 2025

A Time Machine and a Bag of Hammers: U.S. Tariffs Are Not Over

If the White House wants tariffs, but the courts strike down the Reciprocal Tariffs, what other options are out there?

Source: National Law Review

July 10, 2025

Toy company CEO discusses how Trump's recent tariff decisions are impacting business

NPR's A Martínez talks with Jay Foreman, CEO of Basic Fun!, the company behind Tonka and Care Bears, about how President Trump's latest tariff decisions are impacting business.

Source: NPR

July 9, 2025

Why the tariffs are a problem for US companies

With his customs threats, US President Trump wants to force other countries to complete deals with the USA.

Source: Evidence Network

July 8, 2025

Trump says US nears trade deals as tariff deadline delayed

The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.

Source: Reuters

July 7, 2025

Trump's Vietnam pact takes aim at China — but it raises more questions than answers

U.S. President Donald Trump announced a trade pact with Vietnam on Wednesday, but its scant details have left economists wondering about what it would mean for the flow of Chinese goods rerouted through the country.

Source: CNBC

July 3, 2025

Vietnam to face 20% tariff under ‘great’ deal, says Trump

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House in Washington.

Source: Business Inquirer

July 3, 2025

EU to Accept Trump Universal Tariff but Seeks Key Exemptions

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

Source: Advisor Perspectives

June 30, 2025

Trump tariffs live updates: Trump sees no need to extend July 9 deadline; Canada scraps tech tax

President Donald Trump said in an interview that aired Sunday that he did not plan to extend the July 9 tariff deadline he set for countries to broker deals with the US.

Source: Yahoo Finance

June 30, 2025

Can this game maker figure out Trump's China tariffs before they sink him?

Dan Linden developed a new table game and worked with suppliers in China to bring it to life. Now, he's unsure just how much tariffs will hit his bottom line.

Source: NBC News

June 28, 2025

Trump tariffs live updates: Trump says he is terminating trade talks with Canada; US, China clinch truce

President Trump on Friday said he was cutting off trade talks with Canada and threatened to set a new tariff rate on the country's goods within the next week.

Source: Yahoo Finance

June 26, 2025

Tracking tariffs: Key moments in the US-China trade dispute

In 2025, the US and China engaged in a tit-for-tat trade dispute linked to tensions around merchandise trade.

Source: World Economic Forum

June 25, 2025

Toy and game prices rise at the fastest rate on record as Trump’s tariffs on China hit industry hard

Experts say the figures give a gloomy indication of what’s to come for the toy industry

Source: The Independent

June 23, 2025

‘There is not a singular voice’: On trade, countries don’t know who in Trump’s circle to listen to

The president has deputized three Cabinet members to lead trade talks. They’re bumping into each other — and gumming up negotiations.

Source: Politico

June 23, 2025

A toy maker sued Trump and won. Its operations are still in tatters.

CEO Rick Woldenberg is moving equipment out of China, saying that ‘no one’s going to save me.’

Source: WSJ ($)

June 21, 2025

US supreme court declines to fast-track challenge to Trump tariffs

Justices deny request by toy company – which challenged president’s trade policy – to expedite review of dispute

Source: The Guardian

June 20, 2025

Trump tariffs live updates: US talks with Canada, EU take focus as deadlines loom

President Trump this week firmed up a trade deal with the United Kingdom, and its European Union neighbors are apparently pushing for a similarly styled deal despite stalled progress in recent weeks.

Source: Yahoo Finance

June 20, 2025

Toy Industry’s Legal Fight Over Trump Tariffs Reaches Supreme Court

Learning Resources and hand2mind urge for a resolution.

Source: Toybook

June 19, 2025

The truth about tariffs: The Christmas fairy doesn't pay tariffs. You do. They're the taxes you don’t see when you pay them

Source: The South Dakota Standard

June 18, 2025

Toy companies ask Supreme Court to swiftly take up challenge to Trump's tariffs

A pair of Illinois-based companies that sell educational toys and products asked the Supreme Court on Tuesday to swiftly take up their challenge to President Trump's sweeping tariffs, arguing that the "massive impact" on businesses and consumers warrants its immediate intervention.

Source: CNBC News

June 17, 2025

US, Vietnam near trade framework as tariff deadline approaches

The US and Vietnam are closing in on a framework trade agreement, despite ongoing concerns about Chinese goods being rerouted through the Southeast Asian nation to avoid tariffs, according to people familiar with the talks.

Source: Bloomberg

June 16, 2025

Independent toy shop to close because it can’t keep up with Trump’s tariffs: ‘It’s just impossible’

Portland’s Merci Milo has been open in the city since 2021 but will close its doors at the end of the month

Source: Independent

June 13, 2025

Understanding Section 301 and 232 Tariffs

With the rising importance of trade compliance programs, it is important to start with the law. 

Source: JDSupra

June 11, 2025

Trump Tariffs Can Stay in Effect Longer, Appeals Court Says

Donald Trump can continue to enforce his global tariffs for now, a federal appeals court held in a win for the president on one of his signature economic policies.

Source: Bloomberg

June 11, 2025

Trump tariffs live updates: US-China trade framework set, now awaits Trump and Xi nod

The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday.

Source: Yahoo Finance

June 11, 2025

U.S.-China trade talks end with plan for Trump and Xi to approve

The US Commerce Secretary said the deal should result in some restrictions being resolved.

Source: BBC News

June 10, 2025

Trump tariffs live updates: US-China trade talks resume on Tuesday after signs of progress

Trade talks between the US and China resumed on Tuesday after six hours of discussions between top officials kicked off in London on Monday.

Source: Yahoo News

June 9, 2025

US and Chinese officials meet in London for pivotal trade talks

Top U.S. and Chinese officials were meeting in London on Monday to try to defuse a high-stakes trade dispute.

Source: Reuters

June 9, 2025

GT Voice: Dilemma of US toy makers testament to tariff uncertainties

The Wall Street Journal (WSJ) published an article on Saturday, saying that the US additional tariffs imposed on Chinese imports are hurting US toy makers, who face higher costs and reduced assortment.

Source: Global Times

June 9, 2025

Trump announces U.S.-China trade talks in London next week

Treasury Secretary Scott Bessent and two other Trump administration officials will meet with their Chinese counterparts in London on Monday for renewed trade talks, President Donald Trump said.

Source: CNBC

June 6, 2025

Trump tariffs live updates: Trump, Xi Jinping speak at last as US and China lean on key exports in trade fight

President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days.

Source: Yahoo News

June 5, 2025

Raising the Bar: Tariffs Hit the Toy Aisle

Will the holidays be canceled?

Source: Toybook

June 4, 2025

Trump tariffs live updates: Trump says China's Xi is 'extremely hard to make a deal with'

President Donald Trump has said it's "extremely hard" to reach a deal with his Chinese counterpart Xi Jinping, denting hopes for a call between the two leaders as trade talks stall.

Source: Yahoo News

June 2, 2025

Tariff Takedown? Courts Challenge White House Trade Moves

In the latest development, the U.S. Court of Appeals for the Federal Circuit issued an administrative stay of the decision from U.S.  Court of International Trade.

Source: Clyde & Co.

June 1, 2025

122, 232, 301, 338: The numbers key to Trump’s tariff revival

No matter the outcome of a major legal case on President Donald Trump’s tariffs, his import taxes are likely here to stay — in one form or another.

Source: CNN

May 31, 2025

From the Editor: The Tariff-ying Uncertainty of the Toy Business

A week of flip-flopping throws another wrench into an industry already fighting for survival.

Source: Toybook

May 30, 2025

Trump's tariffs to remain in effect after appeals court grants stay

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.

Source: Reuters

May 30, 2025

Second federal court blocks Trump tariffs, this time for Illinois toy importers

A federal judge blocked Trump's tariffs for a pair of Illinois toy importers, the second ruling against the tariffs in as many days.

Source: USA Today

May 29, 2025

Tariff Ruling Is a Setback for Trump but Doesn’t End Trade War

Trade experts say Trump won’t abandon levies after court decision sows confusion.

Source: WSJ

May 29, 2025

US court blocks most Trump tariffs, says president exceeded his authority

A U.S. trade court blocked most of President Donald Trump's tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners.

Source: Reuters

May 29, 2025

Four tools at the Trump administration’s disposal after a U.S. court blocks tariffs

U.S. President Donald Trump could still find a workaround after suffering a major blow to a core part of his economic agenda.

Source: CNBC

May 29, 2025

Federal court says Trump doesn't have the power to impose tariffs unilaterally

The Trump administration has filed a notice of appeal challenging the decision.

Source: ABC News

May 27, 2025

EU sees 'new impetus' in US trade talks, businesses worry over uncertainty

U.S. President Donald Trump's decision to drop his threat to impose 50% tariffs on European Union imports from next month gave 'new impetus' to trade talks, the EU said on Monday, as global stock markets climbed and the euro rallied.

Source: Reuters

May 27, 2025

Super7 Issues Update About Impact of Tariffs and Company Layoffs

The toy industry is changing all around us including layoffs and closures across the board including sad layoffs for Super7.

Source: Bleeding Cool

May 23, 2025

Tariffs live updates: Trump warns EU to cut tariffs or face more duties

The US is pressuring the EU to cut tariffs on American goods, as per a report in the FT on Friday. Talks have stalled, with Washington warning of more duties if Brussels doesn't make concessions.

Source: Yahoo Finance

May 23, 2025

Trade Update: Navigating Trump Administration Tariffs – May 2025 Developments

Since the April 9, 2025 pause on the application of the Trump administration’s “reciprocal” tariffs, which we included in our most recent update, several additional developments have occurred which materially impact the implementation and scope of both IEEPA-based and Section 232-based tariff regimes.

Source: Womble Bond Dickson

May 22, 2025

Walmart says expect price hikes due to tariffs. What will get more expensive and when?

Shoppers at Walmart, the world’s largest retailer known for being budget-friendly, may soon start to see higher prices on the shelves as the company reacts to President Donald Trump's evolving trade policy. 

Source: USA Today

May 21, 2025

Majority of US companies say they have to raise prices due to Trump tariffs

Over half (54%) of companies surveyed by insurer Allianz say they will have to raise prices to accommodate cost of tariffs.

Source: The Guardian

May 21, 2025

President Trump Announces Preliminary Trade Agreements with U.K., China for Tariff Reductions

The Trump Administration recently reached two preliminary agreements on tariff reductions with the United Kingdom and China.

Source: HK Law

May 20, 2025

Tariffs trigger price hikes: Shoes, clothing and toys to get more expensive this summer

Consumers can expect big price spikes to hit clothing and shoes this year, according to the latest forecast from the Budget Lab at Yale, a non-partisan research center.

Source: USA Today

May 19, 2025

Pop Culture Perseverance: Funko Keeps Charging Forward

From Wall Street worries to Hollywood hype, the pop culture powerhouse hits reset with a clear-eyed focus on fans and what works.

Source: Toybook

May 19, 2025

Toy Association says toymakers at risk in tariff fight

The trade group The Toy Association Inc. says a survey of its members reveals worries that Christmas 2025 is at risk and companies are likely to go out of business.

Source: Plasticnews

May 15, 2025

United States and China Agree to Partially De-escalate April Tariffs

The United States and China issued a joint statement in Geneva outlining an agreement to de-escalate from the latest rounds of tariff increases

Source: Whitecase

May 14, 2025

U.S. and China Agree to 90-Day Tariff Reduction

After constructive negotiations held over the weekend, the U.S. and China agreed to temporarily reduce tariffs as part of a 90-day pause, effective May 14, 2025. The executive order and fact sheet outline the key points under this deal.

Source: Akerman

May 9, 2025

As trade talks begin, Chinese exporters prepare to get goods moving to US again

Shipping had stopped due to tariffs but with talks beginning companies are looking to begin again to fill empty shelves.

Source: Reuters

May 9, 2025

China’s exports to U.S. plunge, in sign of bite from Trump tariffs

The drop in U.S.-bound shipments was offset by a surge in Chinese goods to Southeast Asia, Africa, Europe and Latin America.

Source: WSJ

May 9, 2025

Trump signals he will cut China tariffs

US president dials down rhetoric ahead of crunch talks with nation at weekend

Source: Telegraph ($)

May 8, 2025

Trump trade tariffs slump widens to 'nearly all U.S. exports,' supply chain data shows

What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a nationwide export slump.

Source: CNBC

May 8, 2025

Trump says American kids will be fine with fewer dolls, but the toy industry is bracing for a 'nuclear bomb'

Source: Business Insider ($)

May 7, 2025

Tariffs threaten model railroading as industry group seeks relief

Specialty retailers most at risk as Hobby Industry Coalition launches effort

Source: Freightwaves

May 6, 2025

Cold play: Toy industry faces ‘devastating’ impact from tariffs

Tariffs of 145% put big pressure on small companies.

Source: Retaildive

May 5, 2025

Warren Buffett Slams U.S. Trade Policy Shift, Warns of Economic Fallout

At the Annual Shareholders Meeting 2025, Warren Buffett raised sharp concerns about America's shifting trade stance during Berkshire Hathaway's (NYSE:BRK.B) annual shareholder meeting held Saturday in the U.S., cautioning that using trade as a weapon could backfire economically and politically.

Source: Yahoo

May 5, 2025

US toymakers scramble to adjust to Trump’s China tariffs

Companies like Spin Master and Jakks Pacific move production out of China.

Source: Moneyweb

May 2, 2025

Trump tariffs live updates: China says 'door is open' to trade talks with the US

China has said it's evaluating approaches from US officials to start negotiations about tariffs, a potential deescalation in the trade war that has raised hopes formal trade talks could start soon.

Source: Yahoo Finance

May 2, 2025

Ecommerce Trends: What tariffs are doing to toys ahead of the 2025 holiday season

With imports from China facing 145% tariffs, leading online toys retailers such as GameStop and Disney have voiced concern.

Source: DigitalEcommerce360

April 30, 2025

China’s Export Orders Plunge, Hit by Trump’s Trade War

Steep U.S. tariffs are starting to squeeze Chinese economy

Source: WSJ

April 26, 2025

The US-China Trade War Could Mean 'Empty Shelves' Soon, Apollo Says

American shop shelves, aisles and racks could be empty in a few weeks as imports slow, according to Apollo Global Management's analysis of shipping data.

Source: Investopedia

April 26, 2025

Hasbro forecasts as much as $300 million impact if China tariffs don't come down

If President Donald Trump's 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line.

Source: CNBC

April 26, 2025

China Quietly Waives Some US Tariffs, Importers Say

Chinese importers noted a sudden and unannounced reduction to zero of tariffs on U.S. imports of certain semiconductor and integrated circuit products, a sign that Beijing is feeling more pressure from President Donald Trump's trade war than it acknowledges.

Source: Newsweek

April 25, 2025

Trump tariffs live updates: Trump sees deals within weeks, China reportedly eases chip levies

US and China tariff tensions continue to dominate the focus as Wall Street has pinned its hopes on signs of a thaw.

Source: Yahoo News

April 24, 2025

‘It screws with all of us.’ Tacoma small businesses react to tariff uncertainty

Sen. Murray visits Tacoma’s Brown & Haley Almond Roca factory to hear from business leaders affected by Trump’s tariffs.

Source: The News Tribune

April 23, 2025

East Tennessee model train company fears industry shutdown amid tariff war

The Trump administration’s tariffs on China are affecting the hobby industry, including one small business in East Tennessee.

Source: Wate.com

April 22, 2025

'Stop the Nonsense' With Tariffs, Says This New York Manufacturing CEO

Scenes from a trade war.

Source: Reason.com

April 22, 2025

Layering import duties in a rapidly changing environment

The US government has released three new tariff programs and initiated four more investigations since Jan. 20, 2025, some of which overlap to create additional burden, while others present a web of exemptions. Additionally, the tariff programs from the first Trump administration are still in effect, alongside the Section 301 expansion issued by the Biden administration.

Source: S&P Global

April 21, 2025

US toy retailers fear ‘really difficult Christmas’ as China tariffs bite

After a 145 per cent tariff shock, US toy executives are warning of a Christmas crisis and pleading for exemptions.

Source: Agence France-Presse

The information shared by the Hobby Industry Coalition is intended solely to inform members, stakeholders, and the broader industry about trade developments, policy changes, and regulatory matters. Nothing on this website or in Coalition communications should be construed as legal advice or a legal opinion. Readers are encouraged to consult qualified legal counsel before acting on any information provided. The Coalition is not a law firm and does not offer legal representation.

The Hobby Industry Coalition supports both advocacy and educational initiatives that advance understanding of the hobby industry's contributions to culture, community and learning. Some of these initiatives are non-advocacy in nature and developed in partnership with 501(c)(3) organizations. Where funding may be provided by charitable organizations, it is restricted to non-lobbying purposes and applied solely to programs consistent with those organizations' exempt purposes.