They’ll “have 2 dolls instead of 30″…..
Tariff’s/Import Taxes/China….
Donald Trump playing ‘Scrooge’.?….
President Trump on Wednesday said that children could have fewer toys while his administration puts high tariffs on trading partners, acknowledging that there may be shortages of goods because of his plan.
“They’re having tremendous difficulty because their factories are not doing business. They made a trillion dollars with [former President] Biden … selling us stuff. Much of it, we don’t need,” Trump said, referring to China, on which he has imposed an overall 145 percent tariff.
He added, “You know, someone said, ‘Oh, the shelves, they’re going to be open.’ Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally. But we’re not talking about something that we have to go out of our way. They have ships that are loaded up with stuff, much of which — not all of it — but much of which we don’t need. And, we have to make a fair deal.”
Retailers have been increasingly concerned about how the tariffs could impact the price of goods.
Last week, the CEOs of U.S. retailers Walmart, Target and Home Depot met with Trump, and they conveyed their fears of higher prices for consumers, including during the holiday season at the end of the year, The Hill learned….
Quote of the Day
“I don’t think a beautiful baby girl that’s 11-years-old needs to have 30 dolls. I think they can have three dolls or four dolls … They don’t need to have 250 pencils. They can have five.”
— President Trump, quoted by ABC News, doubling down on his comment that higher prices from tariffs won’t negatively impact families.