August 30, 2019
Re: Tariffs on imports from China
President Trump recently announced that imports from China will be subjected to additional duties.
On September 1, 2019 our products that were not previously subject to tariffs will have a 15% duty imposed. In an effort to minimize the effect on you, The Toy Network will be holding the current pricing until September 27, 2019. On September 30, 2019 these items will be repriced to reflect the new duties.
On December 15, 2019 the balance of items that were not subjected to a tariff will now have a 15% duty. No adjustments on pricing on these items will be made until after the additional tariffs go into effect.
We are hopeful that the current trade issues with China will soon be resolved, and that no additional adjustments to pricing due to tariffs will have to be made.
The Toy Network