Toy shortages are in the pipeline as U.S. firms cancel orders with tariffs putting Christmas 'at risk'

(Credit: WAN SC—Feature China/Future Publishing via Getty Images)

• The vast majority of American toy companies are canceling and delaying orders amid prohibitively high tariffs on China, which makes nearly 80% of all toys sold in the U.S. An industry group warned the toy supply chain is frozen, threatening to drive many firms out of business and putting Christmas "at risk" this year.

For consumers, the holiday shopping season starts in about six months. But for retailers and manufacturers, it's already Christmas season—and massive tariffs on China are freezing the supply chain.