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The US and China agreed to cut tariffs on toys and other goods, potentially providing relief to an industry struggling with inflation and affordability issues. Over 80% of toys sold in the US are made in China, making this decision significant for toy sellers and importers. While some companies hope these changes will help before the holiday season, uncertainty remains about implementation details, as the policy does not immediately remove existing tariffs.
Written locally by qwen2.5:14b on 2026-09-28,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Before the Xi-Trump summit last week, analysts expected soybeans to be included in tariff-reduced arrangements between China and the U.S., but China excluded them from a tariff-reduction list released on September 28, 2026, despite cutting tariffs on other agricultural goods like corn, wheat, meat, and dairy. This decision disappointed American farmers, such as John Bartman, an Illinois-based soybean farmer who called it "a missed opportunity." U.S. soybeans still face an additional tariff of 10%, which traders say is too high for private crushers to absorb, even as Chinese state buyers have stepped up purchases. Despite this exclusion, both sides agreed to form a trade council to discuss reciprocal tariff cuts on $30 billion worth of products and stabilize economic ties.
Written for “US-China Tariff Cuts Deal” on 2026-10-05,
grounded in this article and the 283 other(s) covering the same event.
Toys were among 77 categories named as getting tariff relief, the White House announced Sunday.
asserted
House → name → relief
Sellers welcomed the policy change after months of reeling from inflation and affordability woes.
asserted
Sellers → welcome → inflation
“For American families, toys are price-sensitive purchases,” Kathrin Belliveau, chief policy officer of the Toy Association trade group, wrote in an op-ed last week.
asserted
Belliveau → write → ed
“When prices rise, families make difficult choices about what they can afford.”
asserted
they → rise → what
With more than 80% of toys sold in the US made in China — even Lincoln Logs, which moved East in July as its Maine factory was shuttered —
asserted
factory → sell → July
sellers expect a big impact.
asserted
sellers → expect → impact
Some toy makers are hoping to benefit from the policy change in time for the holidays – as many shippers are increasingly bringing in goods later in the year because of frequent changes to tariffs, according to Jay Foreman, CEO of Basic Fun.
uncertain
shippers → hop → Fun
The industry has also been reeling from higher diesel prices during the Iran war — with some importers adding $600 surcharges per shipping container, according to Foreman, whose company makes Care Bears and Tonka Trucks.
uncertain
company → reel → Bears
“Diesel is used in factories, by the trucks that pick up goods at the ports and a lot of steam ships still use diesel fuel,” the toy executive added.
asserted
executive → use → fuel
“The cost of diesel fuel as well as other inflationary aspects are pushing against our ability to lower costs.”
asserted
cost → push → costs
Still, toy sales rose 17% in the first half of the year compared to a year ago, mostly because adults are buying collectibles.
asserted
adults → rise → collectibles
China and the US set up a board that will agree on lists of imported goods totaling $30 billion on each side.
asserted
that → set → side
Each side submitted lists, with China identifying more than 1,600 US imports, including US agricultural goods, medical devices and surgical robots that will get relief.
“The announcement puts products on the table, but it does not take tariffs off the books,” said Sara Albrecht, chief executive of the Liberty Justice Center, which successfully sued the Trump administration on behalf of five small businesses to overturn a big chunk of the president’s tariffs earlier this year.
asserted
which → submit → tariffs
“Businesses still do not know which duties would change, what the new rates would be, or when any reduction would begin,” she added.
asserted
she → know → ?
The Toy Association, which advocated for the China tariff cuts, declined to comment as it awaited further details on the new policy.
asserted
it → advocate → policy
The White House did not immediately respond to a request for comment on when the China tariff policy will be finalized.
asserted
policy → respond → comment
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