💨 Abstract

Huntar Company Inc., a U.S.-owned toy manufacturer in China, faces imminent closure due to a 145% tariff on Chinese imports imposed by President Trump. CEO Jason Cheung has drastically reduced production, laid off workers, and is desperately seeking to move operations to Vietnam. The tariff poses an existential threat, as the company, which manufacturers toys for major retailers, struggles with high costs and logistical hurdles. The situation highlights the broader impact of the U.S

Courtesy: theprint.in

Summarized by Einstein Beta 🤖