A U.S.-owned toy factory in Guangdong Province, China, is struggling to survive due to a 145% tariff imposed by the Trump administration on Chinese imports. Huntar Company Inc., which supplies toys to retailers like Walmart, has seen a sharp decline in orders since the tariffs took effect. In response, the factory has cut production by 60% to 70%, laid off a third of its 400 workers, and reduced hours and wages for remaining employees. Owner Cheung is attempting to relocate operations to Vietnam but faces significant financial and logistical challenges. The situation reflects broader difficulties for Chinese factories exporting to the U.S., with many small and mid-sized toy companies fearing bankruptcy within weeks or months due to tariffs. Despite Huntar’s American roots and its employment of 15 people in the U.S., the tariffs threaten its survival.
— new from Reuters
