US tariff whiplash pushed toy factory in China to brink of collapse

May 13, 2026 12:33 PM

US tariff whiplash pushed toy factory in China to brink of collapse

Had the United States kept tariffs on Chinese imports at triple digits for just one more day last year, Huntar Company would have collapsed, said David Cheung, who runs the family-owned toy maker with his brother Jason. When Washington and Beijing reached a trade truce in Geneva on May 12 last year, rolling back the most-punishing levies, Huntar's production moulds were about to clear Chinese customs as the company made a last-ditchbid for survival by moving some production to Vietnam. The Che...

Trump vows March 4 tariffs for Mexico, Canada, extra 10% for China over fentanyl

February 28, 2025 10:55 AM

Trump vows March 4 tariffs for Mexico, Canada, extra 10% for China over fentanyl

U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect on March 4 along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries. Trump told reporters in the Oval Office that the fresh tariffs on Chinese imports would stack on top of the 10% tariff that he levied on Feb. 4 over the fentanyl opioid crisis, resulting in a cumulative 20% tariff. Trump first announced the new du...