Toy prices set to hike ahead of holiday season thanks to Trump’s tariffs

WorldBusiness & Finance
16 Oct 2026 • 11:03 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Toy prices set to hike ahead of holiday season thanks to Trump’s tariffs

  • Toy prices for U.S. holiday shoppers increased by 6.6 percent year-on-year in September 2026, reflecting a 4.2 percent surge from August.
  • Experts attribute the rising costs to trade tariffs enforced by President Donald Trump and record-high shipping fuel expenses caused by the ongoing Iran war.
  • Despite elevated supply chain costs, major toy manufacturers such as Mattel and Hasbro reported strong double-digit sales growth in the first half of 2026.
  • Analysts at Fitch Ratings warn that transportation disruptions and high commodity costs will persist for several quarters.
  • The price hikes coincide with a broader U.S. inflation report showing the cost of living rose 3.7 percent year-on-year in September.

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