Tariff hikes on Chinese imports to hit US toy industry hard, says business leader

NEW YORK - Washington's tariff hikes against Chinese imports will hit the US toy industry hard with increasing costs and decreased profits, said a senior industry leader.

"Our members are, understandably, concerned about the potential tariffs proposed on toys," Rebecca Mond, vice-president of federal government affairs at the Toy Association, said in an interview with Xinhua News Agency via email on Monday.

"These tariffs, which are taxes paid by importers and ultimately passed along to consumers, will hit the toy industry hard given how heavily we rely on China for toy manufacturing and how thin the profit margins already are," Mond said.