Trump's Tariffs Explained as the 90-Day Pause Set to End Next Week
- President Donald Trump imposed tariffs on Chinese imports in April, leading to record toy price increases and warnings from economists of further rises amid trade policy uncertainty.
- Data confirm tariffs on Chinese imports ranged from 30% to 145%, with 75% of U.S. toys made in China, highlighting extensive trade reliance.
- Following the price rise, families buy fewer toys and retailers focus on bestsellers amid ongoing trade uncertainties.
- With the July 8 tariff pause ending, analysts warn of ongoing policy uncertainty and potential wider cost increases for the toy industry.
37 Articles
37 Articles
'It's all fake': Trump aide says the quiet part out loud about this 'theatrical' policy
In April, President Donald Trump promised 90 trade deals in 90 days after he rolled out his so-called "Liberation Day" tariffs. But even though Trump has only secured one agreement so far (a tentative framework with the United Kingdom) with that 90-day window closing next week, he's shown no signs of concern.One unnamed White House aide recently confided to Politico that Trump views international trade more as gamesmanship rather than an earnest…
CGTN poll on U.S. 'reciprocal tariff' policy
As the July 9 deadline approaches for the expiration of the United States' temporary suspension of "reciprocal tariffs," relevant countries are engaged in painstaking negotiations with the United States. Please answer these questions and share your
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