President Grinch: Toy Makers Warn Tariffs Will ‘Sharply” Raise Prices

President Grinch: Toy Makers Warn Tariffs Will ‘Sharply” Raise Prices

The Toy Association slammed Trump’s escalating trade war with China on Tuesday, warning that the cost of toys will “sharply increase” if Trump follows through with his promise to increase tariffs on Chinese products to 25 percent.

“The return of a dark tariff cloud threatening the retail communities,” Steve Pasierb, president & CEO of the Toy Association, said in a statement. The tariffs are “nothing more than a tax on American families and their children,” he added, saying Trump’s decision “will lead to projected losses of tens of thousands of U.S. jobs.”

By all indications, the Trump administration will increase tariffs from 10 percent to 25 percent on Chinese goods starting on Friday. As a result, not only will toys be more expensive, but families will also be forced to pay more for electronics, clothes and shoes.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Public parks

Public parks belong to the public, right? A billionaire can't cordon off an acre of Golden Gate Park for his private party. But can a poor person — or anyone who claims they can't afford a home — take over public spaces where children play and families experience nature?

Keep reading...Show less
Robert F. Kennedy Jr.

Robert F. Kennedy Jr.

A series of polls released this week show Robert F. Kennedy Jr.'s quixotic candidacy might attract more Republican-leaning voters in 2024 than Democrats. That may have been what prompted former President Donald Trump to release a three-post screed attacking him.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}