Hong Kong Stock Concept Tracking | The U.S. May Be Preparing to Waive Stroller Tariffs, Chinese Companies May Benefit (with Concept Stocks)
The United States is considering exempting tariffs of up to 145% on children's products such as strollers and car seats imported from China, which may benefit Chinese companies. About 97% of strollers and 87% of car seats come from China, and tariffs have led to a price increase of about 20%. CITIC Securities pointed out that childcare subsidies may enhance the willingness to give birth, and related sectors are expected to perform well. GOODBABY INTL is a global leader in stroller and car safety seat brands
According to the Zhitong Finance APP, Chris Peterson, CEO of Newell Brands, a manufacturer of strollers, car seats, and other children's products in the United States, stated during the earnings call last week that approximately 97% of strollers and 87% of infant car seats in the U.S. come from China. Due to tariffs, the company has raised the prices of imported baby products by about 20%.
The U.S. government's excessive imposition of tariffs has caused destructive consequences across various industries in the United States, bringing numerous negative impacts to the lives of American citizens. According to a report by CNN on April 28, prices for baby products such as strollers and child safety seats have surged recently.
U.S. President Trump stated that he would consider requests for tariff exemptions for specific industries, but he expressed a preference for maintaining a broader and less complex tariff policy. Trump made this response when asked whether he would exempt baby products from tariffs.
Reports indicate that U.S. Treasury Secretary Mnuchin stated that the Trump administration is considering exempting up to 145% tariffs on car seats, strollers, cribs, and other essential children's travel items imported from China.
CITIC Securities previously pointed out in a research report that the implementation of childcare subsidies is expected to boost the willingness to have children, and related sectors benefiting from the increase in birth rates are likely to see thematic performance opportunities.
Hong Kong stocks related to strollers:
GOODBABY INTL (01086): A global leader in the stroller and car seat brand market. The company was founded in 1989, starting with strollers and expanding into the market for children's car safety seats and non-durable goods
