Toys R Us

Toymakers say Trump's China tariff delay "saved the holiday season"

Illustration: Aïda Amer/Axios

There was joy in toyland this week — albeit muted — after the Trump administration said it would postpone tariffs on toys made in China until after the holiday rush.

Why it matters: The industry, still recovering from the demise of Toys “R” Us, had feared a 10% tariff would force it to raise prices, hurting consumers and killing profits. But a sudden reprieve will let toy companies focus instead — for now — on big holiday trends, like unicorns, collectible dolls, scented slime and electronic finger-puppets.

Private equity firms create $20 million fund for Toys "R" Us workers

Illustration: Sarah Grillo / Axios

Private equity firms Bain Capital and KKR this morning announced the creation of a $20 million fund to compensate thousands of Toys "R" Us employees who lost their jobs when the retailer shut down earlier this year.

Why it matters: The Toys "R" Us situation was unusual in terms of both scale and the decision to liquidate rather than scale back or sell, but there could be some who view this new fund as precedent-setting.