US announces toy tariff relief amid broader China-US trade negotiations

In a recent announcement, the White House listed toys as one of 77 categories that will benefit from upcoming tariff relief under a new U.S.-China trade board. Industry representatives welcomed the move, noting that over 80% of toys sold in the United States are produced in China, and that lower duties could help keep prices affordable for families. Companies such as Basic Fun highlighted the timing as crucial for holiday inventory, while also pointing to rising diesel surcharges that have added $600 per container.

Toy sales have risen 17% in the first half of the year, driven largely by adult collectors. The bilateral board, which will negotiate lists of goods worth about $30 billion each, has already identified thousands of U.S. imports for relief, including agricultural and medical products. However, details on the exact duty reductions and implementation dates remain unclear, according to Liberty Justice Center chief Sara Albrecht.