US EditionTrump’s China tariff shocks U.S. importers. One CEO calls it ‘end of days’
- Many toys and gifts may cost almost double by the winter holidays, according to CEO Jay Foreman of a toy manufacturer.
- Foreman states that 80% of toys will cost twice as much this Christmas due to tariffs on China, leading to anticipated shortages.
- Rick Woldenberg predicts that tariffs will increase his costs from $2.3 million last year to $100.2 million in 2025.
- The University of Michigan's survey found that Americans expect long-term inflation to increase to 4.4%, up from 4.1% the previous month.
54 Articles
54 Articles
Major Toy Company CEO Says 80% of Toys Will Be 'Twice as Expensive' by Christmas Due to Tariffs
Toys are projected to be one of the hard-hit products as President Donald Trump's 125% tariff on China takes effect. 'Even a short-term disruption will upset the flow of goods,' said Basic Fun! CEO Jay Foreman on the 'Today' show
Peter Frankopan: Trump has declared war on China - history tells us it won't end quickly
It has been quite a week. In fact, it has been quite a start to the year. The news cycle never stops – but it has rarely moved faster. Donald Trump’s threats to invade Panama seem an aeon ago – even the humiliation of Volodymyr Zelensky in the White House feels like it happened months ago. If you like your politics to be action-packed, it’s hard to beat the chaos of Trump’s second term in office.In the last few days alone, we’ve had some of the …
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