Is it true Trump's tariffs on Chinese made goods entering the USA is bad for the toy industry?
- BiffLv 72 months agoFavorite Answer
A lot of toys are made in China and imported by the toy companies. They might absorb some of the cost of the tariffs but there will still be prices increases for customers who are likely to buy fewer toys or less expensive toys. It will hit the toy companies' and retailers' profits.
- Jack HLv 72 months ago
Of course, the tariffs are not paid by the manufacturers they are passed on to the consumer, so costs rise for Americans...
- yLv 72 months ago
It is worse then the existing trade deals. That is a known, that trade wars are not good for anyone. This one though, very well might have been over if it were not for the actions of the left and the media. China understand that if Trump is removed, things go back to what they were. Which is bad for the US.