• The Trump administration is weighing a major cut to China’s 145% tariff—possibly dropping it to 50–54% as early as next week, sources say.
• Retailers like Walmart and Target have already begun prepping pricing scenarios, and toy importers are holding shipments until there's clarity.
• Even at 50%, the hit is steep—think $49.99 for a Tonka truck that used to cost $29.99. But it’s far more “workable” than 145%, insiders say.