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[US Media: Toys May Become Luxury Goods In The United States] The Toy Industry Is One Of The Industries In The United States That Has Been Hit Hardest By Tariffs. CNN Pointed Out That The Imposition Of High Tariffs On Toys Produced In China Means That Toys That Were Once Inexpensive And Good Quality Will Become "luxury Goods." Data From The US Department Of Commerce Showed That The United States Imported $17.7 Billion Worth Of Toys In 2024, Of Which 75% Came From China. Aherne, Chairman And CEO Of The American Toy Association: "China Is No Longer Producing Toys (for Export To The United States). There Are Reports That Major Retailers In The United States Have Actually Begun To Cancel Orders, And The Christmas (holiday) Is In Jeopardy."
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