💨 Abstract

President Trump's tariffs on foreign goods, including toy dolls, have sparked controversy. Trump suggested children can have fewer, more expensive dolls, drawing criticism from toy industry leaders and parents. The U.S. toy industry, heavily reliant on Chinese imports, faces potential holiday shortages and price hikes due to the 145% tariff. Major companies like Mattel and Hasbro may raise prices, while smaller firms struggle to survive.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖