This US-owned factory in China made toys for Walmart, tariffs put it on life support

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The emails started pouring in on April 9, the day President Donald Trump‘s 145% tariff on Chinese imports took effect. Clients were canceling orders for toys from Huntar Company Inc.’s factory in Guangdong Province, China. But Huntar CEO Jason Cheung, 45, had already halted production at the 600,000-square-foot facility in Shaoguan. He saw the tariff for what it was: an existential threat to his company, which manufactures educational toys bound for the shelves of Walmart and Target, like Learning Resources Inc’s Numberblocks, which help teach kids…



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This US-owned factory in China made toys for Walmart, tariffs put it on life support


The emails started pouring in on April 9, the day President Donald Trump‘s 145% tariff on Chinese imports took effect. Clients were canceling orders for toys from Huntar Company Inc.’s factory in Guangdong Province, China. But Huntar CEO Jason Cheung, 45, had already halted production at the 600,000-square-foot facility in Shaoguan. He saw the tariff for what it was: an existential threat to his company, which manufactures educational toys bound for the shelves of Walmart and Target, like Learning Resources Inc’s Numberblocks, which help teach kids…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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