Toys caught in the crosshairs of Trump's tariffs
CBS News · 27 days ago
CBS News
27 days ago
New evidence shows that President Trump's tariff policies are shaking up global trade. Imports of foreign goods plunged about 16% in April, the largest one-month drop on record. Nancy Chen dives into how the toy business is being impacted.
BreakdownGenerated by LeadStory AI
- US imports of foreign goods fell by about 16%, the largest monthly drop on record. 6s
- Most toys sold in the US are made overseas, with 77% produced in China. 1m 49s
- US toy manufacturers like Rodan Group are seeing demand rise by nearly 50%. 1m 24s
- Industry leaders warn that tariffs create uncertainty and could disrupt holiday supplies. 2m 7s
- Major toy makers expect prices to increase by 10 to 15% later in the year. 2m 41s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.