NZ toy billionaire says prices to double in trade war
Ainsley Thomson
Wellington | Toy billionaire Nick Mowbray says US President Donald Trump’s tariffs have “paralysed” his company and left it with little choice but to pump up retail prices in the US.
Mowbray’s Zuru Group manufactures toys such as Pets Alive and XShot plastic dart blasters, to Millie Moon and Rascals diapers in China – and sells them in US outlets including Walmart and Target.