Axios reports:
President Trump appeared to acknowledge Wednesday that toy shortages are possible as his tariff hikes ripple through the economy. American retailers are growing worried that the president’s trade war and increased volatility will lead to empty shelves, higher prices and store closures as Chinese imports screech to a halt.
The CEOs of Walmart, Target and Home Depot privately warned him last week about the likelihood of product shortages and price spikes.
“Somebody said, ‘oh, the shelves are gonna be open,'” Trump told reporters Wednesday. “Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more.”
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Trump on China: “They made a trillion dollars with Biden selling us stuff. Much of it we don’t need. Somebody said, ‘oh, the shelves are gonna 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.”
— Aaron Rupar (@atrupar.com) April 30, 2025 at 1:38 PM