China’s Toy Factories Face Crisis as US Tariffs Threaten Exports

The escalating trade war between the United States and China has dealt a devastating blow to toy manufacturers in southern China, particularly Huntar Company Inc., a US-owned firm facing existential threats. President Trump’s imposition of 145% tariffs on Chinese imports has decimated the company’s order books, leaving it struggling to meet commitments even after the US government reduced the duties to 30%. CEO Jason Cheung now faces a critical decision: either survive by drastically reducing production and downsizing his workforce, or risk bankruptcy due to dwindling finances. This article delves into the plight of Huntar and other Chinese factories struggling to stay afloat under the weight of tariffs, highlighting the financial strain on both businesses and the potential impact on the US toy industry.