Since the start of his second term, US President Donald Trump has imposed sweeping tariffs – especially on China, where most toys are made. 

On today’s Big Take Asia Podcast, host Oanh Ha talks with Rick Woldenberg, CEO of fourth‑generation toymaker Learning Resources, about his company’s battle against tariffs in stores and in court – and what it reveals about the true cost of America’s trade war.

Read more: Cutting Ties With China Is Harder Than Companies Expected

Tariffs Unravel India’s Dream of Challenging China in Toymaking

Further listening: An American Toymaker Struggles to Break Up With China

India Wanted to Become The World’s Toymaker. Then Tariffs Happened

Since the start of his second term, US President Donald Trump has imposed sweeping tariffs &ndash; especially on China, where most toys are made.&nbsp;
On today&rsquo;s Big Take Asia Podcast, host Oanh Ha talks with Rick Woldenberg, CEO of fourth‑generation toymaker Learning Resources, about his company&rsquo;s battle against tariffs in stores and in court &ndash; and what it reveals about the true cost of America&rsquo;s trade war.
Read more: <a href="https://www.bloomberg.com/news/features/2025-11-18/learning-resources-move-to-vietnam-shows-china-s-dominance?srnd=undefined">Cutting Ties With China Is Harder Than Companies Expected</a>
<a href="https://www.bloomberg.com/news/features/2025-12-23/modi-s-drive-to-make-hasbro-mattel-toys-in-india-upended-by-tariffs?srnd=undefined">Tariffs Unravel India&rsquo;s Dream of Challenging China in Toymaking</a> 
Further listening:&nbsp;<a href="https://podcasts.apple.com/us/podcast/an-american-toymaker-struggles-to-break-up-with-china/id1746141911?i=1000733927616">An American Toymaker Struggles to Break Up With China</a>
<a href="https://podcasts.apple.com/us/podcast/india-wanted-to-become-the-worlds-toymaker-then/id1746141911?i=1000740482985">India Wanted to Become The World&rsquo;s Toymaker. Then Tariffs Happened</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Tariffed: The Toymaker That Took on Trump Part Three

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/28bc1509-39df-46bc-8c72-b3bf013baac4/transcript