12 hours ago
Chinese Toymaker Takes Drastic Action to Survive Trump's Tariffs
Ah Biao, the founder of a toy factory in southern China that makes magnetic puzzles and sensory tubes for American children, is still in business despite brinkmanship by US President Donald Trump.
When Trump hiked tariffs on China from 54% to 145% in early April, Ah Biao — a moniker his colleagues and friends call him — rented a factory in northern Vietnam. He packed 90 sets of iron or steel molds into 60 boxes, some weighing over than 700 kilograms (1,540 pounds), which were shipped to the Southeast Asian country for production to evade levies.
