Classic toys such as Lincoln Logs and My Little Pony bring children smiles every holiday season. But for the company that makes them, Florida-based Basic Fun! Toys, President Trump’s trade war with China promised to make this December a decidedly less joyful time.
The company’s president and chief executive, Jay Foreman, had to lay off a dozen workers recently, in part on fears that another round of China tariffs would take effect Sunday and hit his business hard.
Foreman won a reprieve Friday when Trump canceled those tariffs and announced the details of a “phase one” China trade deal that would ease economic hostilities. But he’s not breathing a full sigh of relief amid anxiety that the truce with China could prove fleeting.