5 days ago
- Business
- Business Standard
Trump tariff impact: US kids to see higher price tag on Christmas toys
Majority of US retail firms put their orders on hold due to uncertainty in tariff situation
Shine Jacob Chennai
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For kids in the United States, the tariff imposed by the Donald Trump administration on countries like China may no longer be a child's play, as toy prices are predicted to touch record highs this Christmas season. However, for India's toy export industry, which was ready to take giant strides in the sector by bagging heavy orders from the US retail giants like Walmart, Amazon, and Target Corporation, gaining from the China-Plus-One policy, the US tariffs came as a heavy jolt.
The higher US tariffs seem to affect a larger share of India's toy exports of around ₹6,000 crore. According