CEO of Basicfun Toy Company! Jay Foreman has shared a warning about the prices of this Christmas for President Donald Trump’s global tariff program.
On Wednesday, the US President announced a 90 -day pause on the implementation of import tariffs in 75 countries only hours after his implementation. However, he increased his trade war with China by imposing additional 125 % tasks.
As a result of the plan, Foreman stopped its company orders from Carebears and Tonka trucks, two brands in China that closely collaborate with Basicfun! The CEO also expects to rise in the United States with heavy import tariffs from China
“This means that 80 percent of toys will be twice as expensive than Christmas,” he said.Today On Thursday, pointing out that the brand may have a “toy shortage” in December.
“I mean, even a short-term disorder makes the flow of goods upset-but we still have time,” he said.
He shared how these products can be affected, meaning that the $ 30 Tonka truck could eventually cost $ 70.
“There is no factory in the United States to produce the type of toys we produce,” Foreman said.
Christmas colleague in New Hampshire also shared how tariffs affect his business both during and before the holidays. He explained that 85 percent of the store is from China, so the company is currently affected by Trump’s tariff policy.
“The warehouse attracts some of the costs, but I think we have to raise prices, you know at least 50 percent,” Vender Weir said. TodayGiven that his company sells products all year.
Many small jobs are currently tolerating Trump’s economic gambling.
Jeff Logan, who runs a tattoo business near Philadelphia with his wife, said, “I don’t know if we want to make it past.” IndependentHuman
Like many other small jobs in a global economy, Logan imports products made abroad and sell them to US buyers. Almost all modern tattoo needles are made in China, so he buys large quantities for selling to artists and studios here. Logan’s trade, founded in 1992, is now at risk of closing.
“The end result of real small jobs is mother and pop stores, we are those who are impressed,” he said. “Amazon doesn’t feel any damage, Walmart doesn’t feel it,” he said. “We do it.”
On Wednesday, the president said he had pushed more than 75 countries because people were “a little yuwi, a little scared.”
It was hardly rejected 48 hours after a White House spokesman rejected 90 -day pause reports as “fake news” and followed the severe political pressure of the Republicans and some of the President’s billionaire supporters.
And only 12 hours after Trump prides a donation to a dinner: “These countries call us and kiss A ** for negotiations on trading.”
