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transcript
transcript
Toy Company Still In Crisis Despite Reduced Tariffs on China
A Chinese toy factory has gotten little relief after the United States and China agreed to temporarily lower tariffs. The company has been sitting on boxes of unshipped goods and unable to rehire staff.
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“It’s existential. We might not exist.” “There is so much uncertainty. I don’t know what will happen tomorrow.” “We have reduced staff by 50%. We’ve stopped all business development as far as product development and any plans for expansion right now or are on hold.” “I’m trying to figure out, you know, how to mitigate the tariffs. What path to take for the company. You find yourself just thinking in circles.”
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International video coverage from The New York Times.
International video coverage from The New York Times.
