'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs
1 week, 6 days ago

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs

Raw Story  

President-elect Donald Trump is vowing to slap heavy tariffs on all foreign-made goods once he reassumes the presidency next year, and some retailers are warning that could be bad news for children who are expecting their favorite toys next Christmas. CBS News reports that The Toy Association, an industry organization, has found that nearly 80 percent of American toys are currently manufactured in China, which means that Trump's threat to slap massive tariffs on all goods produced in China could leave many parents struggling to afford presents by next December. Jennifer Bergman, the owner of New York City's West Side Kids, tells CBS News that such massive tariffs on all China-imported goods would jack up prices "probably instantly" and she worried that such a shock would hurt her ability to stay in business. The National Retail Federation claimed earlier this year that American consumers could lose nearly $80 billion in annual spending power should Trump follow through on his tariff threats, and the Toy Association said that the proposed Trump tariffs would be "significantly harmful" to their businesses.

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History of this topic

Trump tariff threats trigger supply chain ‘freak out’
1 week, 4 days ago

Trump tariff threats trigger supply chain ‘freak out’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump’s continuing threats of massive tariffs are sparking …

Toy stores could go bust under Trump’s proposed international tariffs
1 week, 5 days ago

Toy stores could go bust under Trump’s proposed international tariffs

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The price of toys may soar if Donald Trump carries …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 5 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 5 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office in January, a …

Here’s what could get significantly more expensive under Trump’s tariff plan
3 weeks, 6 days ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Here’s what could get significantly more expensive under Trump’s tariff plan
3 weeks, 6 days ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Are fears of higher tariffs leading you to stockpile goods?
4 weeks, 1 day ago

Are fears of higher tariffs leading you to stockpile goods?

CNN  

New York CNN — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an additional 10% tariff on Chinese goods. These tariffs have …

Toymakers' tariff warning: Prepare to pay more
4 weeks, 1 day ago

Toymakers' tariff warning: Prepare to pay more

Salon  

From the newest Marvel movie figurines to plastic bulldozers with a smiley face, most toys sold in the U.S. come with two things: a sense of whimsy and a "Made in China" tag. "All anybody was talking about was tariffs," Jay Foreman, CEO of the Florida-based toy company Basic Fun!, told NPR. "You're going to see a $30 Tonka Mighty …

Trump tariffs to harm growth: Experts
Trending News
4 weeks, 2 days ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

'We're absolutely in panic mode': Toymakers are bracing for Trump's tariffs
4 weeks, 2 days ago

'We're absolutely in panic mode': Toymakers are bracing for Trump's tariffs

NPR  

'We're absolutely in panic mode': Toymakers are bracing for Trump's tariffs toggle caption Johannes Eisele/AFP via Getty Images The holiday season is typically a festive time for children across the U.S., but this year it's an anxious season for the country's toymakers. "All anybody was talking about was tariffs," says Jay Foreman, CEO of the Boca Raton, Fla.-based toy company …

Trump tariffs to harm growth: Experts
Top News
4 weeks, 2 days ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump tariffs to harm growth: Experts
Top News
4 weeks, 2 days ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

What Items Should You Buy Before Trump's Tariffs Kick In?
1 month ago

What Items Should You Buy Before Trump's Tariffs Kick In?

Huff Post  

Illustration: Damon Dahlen/HuffPost; Photos: Getty Sharp tariff proposals could cause prices of apparel, toys, furniture, household appliances, footwear and travel goods to spike “significantly” next year, according to the National Retail Federation. Bloomberg via Getty Images “There’s still a lot of uncertainty about what goods might face new tariffs, and even when tariffs are implemented, their impact on consumer prices …

Small business owners brace for Trump’s proposed tariffs
1 month ago

Small business owners brace for Trump’s proposed tariffs

Associated Press  

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office. Small business owners say they’re waiting to see what final form the tariffs take, but are bracing for higher costs that they may in turn need to pass on to consumers. Laurel Orley, cofounder and CEO of …

What to buy now before Trump’s tariffs kick in
1 month ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

What to buy now before Trump’s tariffs kick in
1 month ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
1 month, 1 week ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?
1 month, 1 week ago

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?

Hindustan Times  

Jimmy Kimmel has laid out a potential flaw in president-elect Donald Trump’s plan to impose a 25% tariff on all imports from Canada and Mexico on the day he takes office. Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan However, Kimmel has pointed out that some of Trump's own merchandise was made in these countries. “If you want …

Jimmy Kimmel reveals Trump’s ‘dumb’ tariffs plan could hit MAGA fans where it hurts
1 month, 1 week ago

Jimmy Kimmel reveals Trump’s ‘dumb’ tariffs plan could hit MAGA fans where it hurts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jimmy Kimmel has detailed a potential flaw in Donald Trump’s …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
1 month, 1 week ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing
1 month, 1 week ago

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing

LA Times  

A customer shops for groceries in January in Wheeling, Ill. Prices for consumer goods could rise across the board if new tariffs are imposed once President-elect Donald Trump takes office next year. “If we get tariffs, we will pass those tariff costs back to the consumer,” Phil Daniele, chief executive of AutoZone, said in the company’s most recent earnings call. …

'We’re not immune': Walmart warns price hikes ahead if Trump follows through with plan
1 month, 2 weeks ago

'We’re not immune': Walmart warns price hikes ahead if Trump follows through with plan

Raw Story  

Walmart — the world's largest retailer — issued a warning to customers that they may pay more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports. Walmart's finance chief, John David Rainey, acknowledged that new tariffs would likely be passed on to the people buying goods imported from overseas, Fortune …

Walmart And Lowe's Warn That Trump's Tariffs May Cause Price Hikes
1 month, 2 weeks ago

Walmart And Lowe's Warn That Trump's Tariffs May Cause Price Hikes

Huff Post  

LOADING ERROR LOADING The vast tariffs President-elect Donald Trump has promised to implement will likely lead to price increases at major American retailers like Walmart and Lowe’s, the companies’ chief financial officers said this week. But there probably will be cases where prices will go up for consumers.” The company confirmed Rainey’s take in a statement given to Reuters: “We’re …

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge
2 months ago

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge

Associated Press  

NEW YORK — Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for President-elect Donald Trump’s pledge to slap steep and sweeping tariffs on imports from other countries. But this time, he has gone much further and has proposed a 60% tariff on goods from …

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy
2 months ago

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to …

Trump tariffs will damage McDonald’s, Beijing warns US
2 months ago

Trump tariffs will damage McDonald’s, Beijing warns US

The Telegraph  

Donald Trump risks damaging some of America’s best-known brands if he pursues trade tariffs against China, the US has been warned, as Beijing unveiled a huge fiscal package to prop up the economy. Xie Feng, China’s ambassador to the US, warned the president-elect against introducing a 60pc tariff on imports from the country, saying there would be “no winner” in …

Why Donald Trump’s return to power could make living in America costlier
Trending News
2 months ago

Why Donald Trump’s return to power could make living in America costlier

Firstpost  

Donald Trump, who will return as the 47th President of the United States, was the clear choice for voters concerned about the economy and inflation. However, experts say Trump’s avowed policies of imposing tariffs on goods from China and Mexico and launching an immigration crackdown on millions of undocumented immigrants are likely to send inflation soaring Donald Trump’s return to …

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs
2 months, 1 week ago

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs

Raw Story  

A slew of businesses across the U.S. say they're preparing to spike prices should former President Donald Trump regain the White House in 2025, the Washington Post reported Wednesday. While Trump claimed foreign companies will pay the tariffs, the U.S. Customs and Border Protection agency demands American purchasers pay when their products enter the country, according to the Post. “We …

Attention Walmart Shoppers: Donald Trump Wants To Double Your Prices
2 months, 1 week ago

Attention Walmart Shoppers: Donald Trump Wants To Double Your Prices

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Attention Walmart Shoppers: That $18.99 flannel shirt in stores today could soon cost $36.99. Such would be the hyperinflation caused by Donald Trump’s goal to eliminate the income tax and replace it with tariffs, which, in addition to causing a global recession, would also radically shift the tax burden in this country away from the …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 3 weeks ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sixteen Nobel Prize-winning economists signed …

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most
3 months, 2 weeks ago

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most

Salon  

As ghosts and monsters prepare to strike this Halloween, Americans might find that what haunts them most are not the ghouls at the door—it's the price tags at the store. As stubborn inflation has eased, former President Donald Trump and President Joe Biden may spook Americans all over again by slapping tariffs on pretty much everything that dares cross U.S. …

Donald Trump heaps more tariffs on China, still no deal in sight
5 years, 4 months ago

Donald Trump heaps more tariffs on China, still no deal in sight

Live Mint  

Washington, Columbus: The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” Trump told reporters Friday before going to Camp David, the …

Latest Trump tariffs could hit consumers with higher prices
5 years, 4 months ago

Latest Trump tariffs could hit consumers with higher prices

Associated Press  

WASHINGTON — President Donald Trump’s latest round of tariffs on Chinese imports is likely to deliver a direct hit on many consumers, who were largely spared from higher prices in his previous rounds of import taxes. For the first time since Trump launched his trade war, American households face price increases because many U.S. companies say they’ll be forced to …

A fresh round of Trump tariffs is about to hit store shelves
5 years, 4 months ago

A fresh round of Trump tariffs is about to hit store shelves

LA Times  

The U.S. flag flies over a container ship unloading its cargo from Asia at the Port of Long Beach. For the first time since Trump launched his trade war, American households face price increases because many U.S. companies say they’ll be forced to pass on to customers the higher prices they’ll pay on Chinese imports. For more than a year, …

Trump raises tariffs on Chinese goods as trade war escalates
5 years, 4 months ago

Trump raises tariffs on Chinese goods as trade war escalates

Associated Press  

WASHINGTON — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. The Office of the U.S. Trade Representative also said existing tariffs on another $250 billion in Chinese imports would go from 25% to 30% on Oct. 1 after receiving feedback from the public. People …

Execs starting to worry about tariffs’ effects on consumers
5 years, 4 months ago

Execs starting to worry about tariffs’ effects on consumers

Associated Press  

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump’s tariffs will depress consumer spending and undermine the economy. Home Depot, the nation’s largest home improvement chain, said as much on Tuesday, when it reported higher-than-expected profits for the quarter but cut its sales expectations …

China tariffs: Aides turned to Christmas cheer to get Trump to delay them
5 years, 4 months ago

China tariffs: Aides turned to Christmas cheer to get Trump to delay them

CNN  

CNN — As President Donald Trump’s trade advisers were searching last week for a strategy to forestall his threatened tariffs on China, they struck upon a novel approach: appeal to his Christmas cheer. “Whether you love me or hate me, you’ve got to vote for me.” Evolving economic team Video Ad Feedback While stocks tumble, Trump tweets 02:58 - Source: …

Donald Trump delays 10% tariffs on Chinese cellphones, laptops, toys; markets jump as relief for retailers, technology groups
5 years, 4 months ago

Donald Trump delays 10% tariffs on Chinese cellphones, laptops, toys; markets jump as relief for retailers, technology groups

Firstpost  

Donald Trump on Tuesday backed off his 1 September deadline for 10 percent tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods Washington: US President Donald Trump on Tuesday backed off his 1 September deadline for 10 percent tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes …

Trump delays tariffs on some Chinese goods until December
5 years, 4 months ago

Trump delays tariffs on some Chinese goods until December

Associated Press  

WASHINGTON — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. But under pressure from retailers and other businesses, President Donald Trump’s trade office said it would delay until Dec. …

Tariffs: US delays hike on Chinese-made cell phones, toys
5 years, 4 months ago

Tariffs: US delays hike on Chinese-made cell phones, toys

CNN  

CNN — The top US trade negotiator on Tuesday said that new tariffs on Chinese-made consumer goods including cell phones, toys and video game consoles would be delayed until December 15. “Just in case they might have an impact on people.” The move comes after a phone call between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and top …

Trump imposes tariffs on $300bn more Chinese goods in sharp escalation of trade war
5 years, 5 months ago

Trump imposes tariffs on $300bn more Chinese goods in sharp escalation of trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Trump’s latest round of …

What Trump’s China trade war means for you
5 years, 5 months ago

What Trump’s China trade war means for you

CNN  

Washington CNN — Now might be a good time to buy a new laptop, iPhone, or TV. Prices for those and other Chinese-made products might go up after September 1, when President Donald Trump says he will put new tariffs on another $300 billion of imports from China. The new round of duties could hit American consumers harder than a …

Trump hits China with more tariffs, global markets sink
5 years, 5 months ago

Trump hits China with more tariffs, global markets sink

Al Jazeera  

US to impose 10 percent levy on an additional $300bn of Chinese goods, as Trump says tariff rate may increase further. United States President Donald Trump said he plans to impose a 10 percent tariff on $300bn of Chinese imports from September 1 and could raise tariffs further if China’s President Xi Jinping fails to move more quickly to strike …

Tariffs on iPhones, toys and other Chinese-made goods coming Sept. 1, Trump says
5 years, 5 months ago

Tariffs on iPhones, toys and other Chinese-made goods coming Sept. 1, Trump says

CNN  

Washington CNN Business — President Donald Trump said Thursday that he will add a new tariff on $300 billion of Chinese-made products on September 1, which would effectively put a tax on all Chinese goods coming into the United States. “But we’re not looking to do that, necessarily.” The new tariffs could hit US consumers harder than the earlier rounds. …

Consumers are already seeing price hikes from the last round of Trump’s tariffs
5 years, 7 months ago

Consumers are already seeing price hikes from the last round of Trump’s tariffs

LA Times  

Consumer prices on luggage and major appliances have already increased as a result of previous tariffs. And trade groups and economic studies show that U.S. consumers already are seeing higher prices on a range of items — luggage and major appliances such as washing machines, for instance — that were subject to previous tit-for-tat tariffs in the U.S.’ escalating trade …

Trump’s new tariff threat could make iPhones, toys and shoes more expensive
5 years, 7 months ago

Trump’s new tariff threat could make iPhones, toys and shoes more expensive

CNN  

Washington CNN Business — iPhones. They could all get more expensive if President Donald Trump follows through on his threat to expand tariffs on Chinese imports to include an additional $325 billion in goods left out last year. A long list of consumer electronics could also end up being hit by new tariffs, including smartphones, computers, televisions, fitness trackers, Bluetooth …

'Frustrated' Donald Trump threatens to raise taxes on China imports: US President challenges Xi Jinping either change or suffer consequences
5 years, 8 months ago

'Frustrated' Donald Trump threatens to raise taxes on China imports: US President challenges Xi Jinping either change or suffer consequences

Firstpost  

But Trump also has an incentive to reach a deal. Beijing: By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: Agree to sweeping changes in China’s government-dominated economic model — or suffer the consequences. — Donald J. Trump May 5, 2019 The president vowed to raise tariffs on $200 billion in …

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