People really need a crash course as to how tariffs actually work.
As Matt pointed out, it's not a "hard" 20%, the tariff is paid by the importer at a 20% rate on the declared invoice value; since as an importer of toy soldiers I buy at wholesale/a discount, it's not 20%, it's lower than that.
But it's still a number that stings.
There is no plan/idea as to how this will be handled by toy soldier importers, we are all independent business owners and we each have to decide what's the best way to address this.
IMO, the manufacturers and the importers need to work together to try to figure this out, we as importers need an open dialog with the manufacturers to try to figure out how to handle this.
Not to get political, but anyone with an 8th grade civics class understanding of how tariffs work knows they are not a good idea and the point behind it is misguided.
China as a country does not pay a cent in tariffs, nor do the manufacturers, it's the IMPORTER in the US who pays the tariff; if the goal of this is to punish China, they are missing the target, WE as importers are getting whacked, it's moronic and idiotic.
The hope is cooler heads prevail here and this blanket, across the board tariff on goods from China gets rescinded, but I'm not going to hold my breath on that.
As a full time dealer since 1997, I've weathered the economic impact of the horrific events of 9/11, the housing crash of 2008 and the economic impact of COVID; this is another bump in the road that will have to be navigated is all.