Politics and Government Politics and Government
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'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs


Published on 2024-12-25 22:00:39 - MSN
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  • 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.

Retailers and toy manufacturers are expressing concerns over potential new tariffs on toys from China, which could significantly impact the upcoming Christmas season. The proposed tariffs, part of former President Donald Trump's trade policies, could increase the cost of toys, potentially leading to higher prices for consumers or reduced profit margins for businesses. Industry leaders argue that these tariffs would be particularly "heartbreaking" as they could dampen holiday sales, a critical period for retail. The article highlights the ongoing trade tensions between the U.S. and China, with retailers urging the current administration to reconsider these tariffs to avoid economic strain on both businesses and consumers during the festive season.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/would-be-heartbreaking-retailers-warn-trump-could-wreck-next-christmas-with-toy-tariffs/ar-AA1wusWV ]
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