President Trump tariffs take a toll on toys
(CNN)– The Trump Administration’s tariffs are taking a toll on toys.
Prices for many dolls, stuffed animals, blocks, and games rose 2.2% between April and May.
Analysts say that’s an unprecedented increase and it’s largely the result of the U.S.’ new trade policies.
According to the Census Bureau roughly 75% of the toys sold in the U.S. come from China which is currently dealing with a 30% tariff from the Trump Administration.
Earlier this year the fee was as high as 145%.