Toy prices in U.S. likely to skyrocket as trade war with China kicks off

Open this photo in gallery: People attend the North American International Toy Fair, on March 3, in New York City. Nearly 80 per cent of toys sold in the U.S. are made in China.Michael M. Santiago/Getty Images American parents are expected to particularly feel the effects of an escalating trade war between the U.S. and China, with the price of toys likely to skyrocket as a result of stringent new tariffs on Chinese imports. U.S. President Donald Trump this week introduced 10-per-cent across-the-board tariffs on all Chinese imports, doubling the extra duty imposed on such goods since he took office…