The ongoing US-China trade war is set to hit the American toy industry, with the potential for a decrease in doll production and a rise in consumer prices.

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What do BLACKPINK’s Lisa, Simone Biles, and Hailey Bieber have in common? They’re all obsessed with Labubu—the quirky, sharp-toothed elf doll that’s taken over social media, fashion ...

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Labubu: the tiny elf doll driving China’s most valuable toy company. Subscribe to unlock this article. Join FT Edit Only $49 a year. Get 2 months free with an annual subscription at was $59.88 ...