The US Toy Association has welcomed the decision by the Trump administration to delay a proposed levy of 10 per cent on toys imported to the US from China.
Fears the tariffs would catastrophically injure the toy industry’s vital Christmas trade have been assuaged, with a new date for the tariffs set for 15 December.
Steve Pasierb, president and CEO of The Toy Association says the delay “has saved the holiday season for many in the US toy and play community,” and extended thanks on behalf of the trade to Washington officials.
“We hope through the tariff exclusion process the administration will provide further relief to the toy industry by eliminating all toys and toy-related components from these latest tariff lists,” he adds. “While we continue to support the goal of restructuring the U.S.-China trade relationship, tariffs are the wrong approach.”
But the delay will still impact some quarters of the trade. Earlier today, the United States Trade Representative put forth the next steps in the process of imposing tariffs on approximately $300 billion of Chinese imports. While toys imported from China will not be subject to tariffs until 15 December, other children’s products, like toy jewellery, will be exposed to the 10 per cent tariff increase from 1 September.
As such, The Toy Association will continue to aggressively advocate against tariffs on toys on Capitol Hill and to key members of the administration. The Association is also an active member and leader of the Americans for Free Trade coalition, and will also maintain its education campaign about the impacts of tariffs, including its digital resource, DontTaxToys.com.
“With the majority of American toy companies defined as small businesses, any tax on children’s toys will deal a devastating blow to a significant number of smaller employers as well as impact both the retail community and families,” Steve adds.
“We will continue to advocate with the administration for solutions that can address the very real trade, intellectual property and business issues our nation has with China while not placing the burden upon America’s toymakers, retailers and children. Toys are a source of childhood joy and a myriad of developmental benefits, not a tool in a trade war.”