December 15th Tariffs Against China That Were To Effect Toy Industry Canceled Amid The Beginnings Of New Trade Deal Agreement

by Jay Cochran
December 13, 2019
News about tariffs and trade wars is not something we normally cover here on TNI, but news has come out today stating that China and the US have reached a phase one trade deal that will cancel new proposed tariffs that the Trump administration was planning on implementing against China on December 15. These new tariffs would have directly impacted the toy industry and likely caused toy companies to raise prices on their products.

Negotiations on the next section of a broader agreement are said to begin immediately. The current tariffs of 25 percent that the U.S. previously imposed on $250 billion of Chinese imports will remain in place, along with 7.5 percent duties on another $120 billion worth of goods.

Obviously as things continue to be negotiated and hammered out things could change, but it's definitely good news for the toy industry and those purchasing action figure products that there will be no new tariffs added this Sunday, as was originally feared to happen.

Comments...

Last 10 comments - ( Read All Posts )
80sboy4 - 2019-12-18 @ 1:24 am

This is great news even if only temporary, I just hope a new permanent agreement can be reached soon.

Nickg253 - 2019-12-17 @ 6:55 pm

If the adult me told the kid me that one day i would be spending $25-$100 per figure i don't know if it would make the kid me happy or mad...

EvilHayato - 2019-12-16 @ 6:37 pm

Good, hopefully we wont see a real hike on prices. Already having a struggle to afford what I do like, dont want to have to do even less from this.

GojiBill - 2019-12-15 @ 8:16 pm
18 hours ago, Satam said:

I think it's a safe bet that it does, and I think it's also a safe bet that they won't.

Yea, once they go up, they seldom come back down. Gravity has little bearing on these markets.

Satam - 2019-12-15 @ 1:57 am
6 hours ago, FASVB said:

I wonder if the recent price jumps from companies like DC Collectibles has something to do with this. Because their first listed their releases with one price and a few weeks later everything jump price. Hope they reconsider now.

I think it's a safe bet that it does, and I think it's also a safe bet that they won't.

FASVB - 2019-12-14 @ 7:45 pm

I wonder if the recent price jumps from companies like DC Collectibles has something to do with this. Because their first listed their releases with one price and a few weeks later everything jump price. Hope they reconsider now.

GojiBill - 2019-12-13 @ 5:00 pm

Hoping for the best, being a collector and having kids, any additional costs would force me to reduce my purchases.

Neovorticism2 - 2019-12-13 @ 4:50 pm

Good, because despite not living in the U.S. the little stuff that interests me I buy it via American online stores, since here we do not get many stuff , so there is nothing to worry, at least for now, in itself this is an expensive hobby those rates would make it worse .

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