‘We’re still on edge’: Toy firms look to US Supreme Court as tariffs hit profits
As Trump's rapid-fire trade announcements have slowed this year, many in the US are hoping to put the fallout from the levies - including price hikes and profit hits - behind them. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The US toy industry remains wary due to lingering uncertainty over trade policy and tariffs, despite some stabilization, with many firms anxiously awaiting a Supreme Court decision that could impact their profits.
- Rick Woldenberg, Chief Executive of Learning Resources, challenged Donald Trump's global tariffs in court.
- Tariffs on Chinese goods at one point reached 145%, now averaging around 20%.
- Companies like Basic Fun and Glo Pals increased prices on products such as the Tonka plastic toy truck, which went from $30 to approximately $35, and Glo Pals' light-up cubes, which increased by roughly 20% to $12.99.
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Oil Spills at US Bases in S. Korea; Russia Accuses US on Energy; Toy Tariffs Contested - February 2026
Two significant oil spills involving substantial leaks of jet fuel recently occurred at U.S. military bases in South Korea, prompting investigations and containment efforts. In geopolitics, Russian Foreign Minister Sergey Lavrov accused the United States of attempting to exclude Russia from global energy markets. Lavrov highlighted sanctions against Russian oil companies and demands for other nations to cease purchasing Russian oil as evidence. In the U.S., the toy industry remains wary due to lingering uncertainty over trade policy and tariffs. Many firms are anxiously awaiting a Supreme Court decision that could impact their profits.
