Toymakers' tariff warning: Prepare to pay more
1 month 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 Dump Truck become a $45 Tonka Mighty Dump Truck," Foreman told NPR. "This is something that will impact the entire toy industry," Mattel CEO Ynon Kreiz told investors during an earnings call.

China Trump Toy Npr Tariff  truck  trade  toys  tariffs  prepare  tariff  toymakers  npr  toy  pay  going  told  warning  china

History of this topic

Toy stores could go bust under Trump’s proposed international tariffs
2 weeks, 1 day 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 …

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs
2 weeks, 2 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 …

US manufacturers are stocking up on imports ahead of tariffs
4 weeks, 1 day ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks, 2 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
4 weeks, 2 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?
1 month 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 …

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

What to buy now before Trump’s tariffs kick in
1 month, 1 week 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, 1 week 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 …

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?
1 month, 2 weeks 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 …

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers
1 month, 2 weeks ago

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers

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 Oil, toys, vegetables and electronics are just some of the …

Jimmy Kimmel reveals Trump’s ‘dumb’ tariffs plan could hit MAGA fans where it hurts
1 month, 2 weeks 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, 2 weeks 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 says he’ll protect US-made cars through steep tariffs, but there is no such thing as an all-American car
1 month, 2 weeks ago

Trump says he’ll protect US-made cars through steep tariffs, but there is no such thing as an all-American car

CNN  

New York CNN — President-elect Donald Trump is vowing to protect American-made cars through steep tariffs on imports. That’s why auto prices could rise sharply if Trump goes ahead with plans to impose steep tariffs on the parts that go into the “American” vehicles found in showrooms nationwide. But the amount of parts that go into cars assembled here would …

GM and other US automakers would take big hit from Trump tariffs
1 month, 2 weeks ago

GM and other US automakers would take big hit from Trump tariffs

Live Mint  

* Trump's tariffs could raise SUV and pickup truck prices for U.S. consumers * Tariffs seen by some analysts as negotiating tactic linked to immigration and drug issues * Mexican President Sheinbaum warns tariffs could worsen inflation, kill jobs By Cassandra Garrison, David Shepardson, Ben Klayman MEXICO CITY/DETROIT, - U.S. President-elect Donald Trump's plan to slap a 25% tax on …

Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief
1 month, 2 weeks ago

Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For instance, the Produce Distributors Association, a Washington trade …

Trump’s threat to impose tariffs could raise prices for consumers, colliding with promise for relief
1 month, 2 weeks ago

Trump’s threat to impose tariffs could raise prices for consumers, colliding with promise for relief

Associated Press  

DETROIT — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. For instance, the Produce Distributors Association, a Washington trade group, said Tuesday that tariffs will raise prices for fresh …

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts 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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing
1 month, 2 weeks 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. …

Dirt-cheap toys imported into U.S. can be dangerous, group says. Here's what to know
1 month, 2 weeks ago

Dirt-cheap toys imported into U.S. can be dangerous, group says. Here's what to know

NPR  

Dirt-cheap toys imported into U.S. can be dangerous, group says. "Only a small percentage were deemed unsafe, and those are usually sold direct to consumer or they enter the country through de minimis shipments," she writes in her report. "De minimis is a loophole for cheap — and sometimes dangerous — Chinese goods," says Sen. Bill Cassidy, R-La., in a …

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
1 month, 2 weeks ago

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN  

CNN — President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this …

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
1 month, 2 weeks ago

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN  

CNN — President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this …

'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, 3 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 …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 3 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

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 …

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 …

"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. …

US businesses raise imports over tariff fears
4 months, 1 week ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

US businesses raise imports over tariff fears
4 months, 1 week ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

Walmart mulling over to export toys, shoes, bicycles from India
1 year, 7 months ago

Walmart mulling over to export toys, shoes, bicycles from India

Live Mint  

In its bid to boost exports from India, Walmart will source toys, shoes, and bicycles from Indian suppliers. The senior company official added that the US-based retail giant is looking to expand its supplies from India and explore categories like food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles. "Walmart's growth in sourcing from India includes expanding working …

The U.S.-China War Over Trade and Tariffs, Explained
4 years, 11 months ago

The U.S.-China War Over Trade and Tariffs, Explained

Bloomberg  

What started in 2018 with U.S. levies on imported washing machines and solar panels to protect domestic producers escalated into a cycle of tariffs, talks, threats and truces that rocked financial markets. Behind all the sparring between the U.S. and China -- one an incumbent superpower, the other a rising one -- over tariff levels and targeted product lists are …

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 …

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 …

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. …

600 companies including Walmart, Costco and Target warn Trump on tariffs
5 years, 6 months ago

600 companies including Walmart, Costco and Target warn Trump on tariffs

CNN  

New York CNN Business — American retailers, manufacturers and tech companies warned President Donald Trump on Thursday that tariffs on China will damage the US economy, lead to job losses and harm millions of consumers. “An escalated trade war is not in the country’s best interest, and both sides will lose.” Last month, the Trump administration increased tariffs to 25% …

The trade war comes to Walmart, Target and Macy’s
5 years, 7 months ago

The trade war comes to Walmart, Target and Macy’s

CNN  

New York CNN Business — America’s top stores and consumer brands have avoided serious damage from the prolonged US-China trade clash. “We’re concerned about tariffs because they lead to higher prices on everyday products for American families,” Target chief executive Brian Cornell told analysts on Wednesday. However, increased tariffs will lead to increased prices, we believe, for our customers,” Walmart …

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 tariffs on China likely to cost 400,000 manufacturing jobs, says group
5 years, 8 months ago

Trump tariffs on China likely to cost 400,000 manufacturing jobs, says group

Live Mint  

Washington: President Donald Trump’s higher tariffs on Chinese imports will have “dire consequences” for US equipment manufacturers and worsen prospects for American farmers and others already reeling from lower commodity prices, an industry trade group warned on Friday. “With producers already struggling with falling commodity prices, additional retaliatory tariffs on U.S. agricultural exports will have a chilling effect on equipment …

Trump’s new tariff threat could make iPhones, toys and shoes more expensive
5 years, 8 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 …

Fact-checking (yet again) Donald Trump on China tariffs
5 years, 8 months ago

Fact-checking (yet again) Donald Trump on China tariffs

CNN  

CNN — Days ahead of what have been billed asthe final round of China and US trade talks, President Donald Trump tweeted Sunday that he would be increasing tariffs on most Chinese exports to the US to 25%. Twice on Sunday, the President claimed that China is paying the cost of these tariffs and that “ariffs paid to the USA …

There’s a trade war with China. Here’s why most Americans haven’t noticed
5 years, 11 months ago

There’s a trade war with China. Here’s why most Americans haven’t noticed

CNN  

New York CNN — Most of the baseball caps sold in the United States are made in China, and President Donald Trump’s trade war has made them 10% more expensive. Americans imported less in November for the first time since Trump began putting tariffs on Chinese goods in July, according to a report released last week. The Trump administration has …

Trump tweets about China agreeing to cut import tariffs on cars made in the US
6 years, 1 month ago

Trump tweets about China agreeing to cut import tariffs on cars made in the US

Firstpost  

Trump’s tweet did not give any further detail about the tariff cuts. US President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world’s biggest auto market. Trump, fresh from agreeing on a 90-day cease-fire in his trade war …

Discover Related