2025.05.21 14:24 GMT+8

Ex-Toys 'R' Us CEO: Unpredictable tariffs are undermining U.S. business certainty

Updated 2025.05.21 14:24 GMT+8
CGTN

Recently, Gerald Storch, former CEO of Toys "R" Us, criticized the current U.S. tariff policies as chaotic and unpredictable, noting that businesses are struggling due to a lack of certainty required for sound decision-making. He explained that cautious import strategies under high tariffs are disrupting supply chains and contributing to product shortages and rising prices. The toy industry, he added, moved to China long ago and is now essentially based there, with the U.S. lacking sufficient domestic manufacturing capacity to bring production back in the near term.

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