Las Vegas toy store owner, Johnny Jimenez says, prices increased 20-25% on new products as 80% of toys imported from China face tariffs.
Breakdown
- Toy Shack faces inventory challenges due to tariffs on imports 8s
- 80% of toys are made in China; tariffs raise costs by 20-25% 46s
- Toy prices have increased, with cars now $8.99 to $24.99 1m 14s
- Toy Shack relies on warehouse stock and secondary market buys 1m 38s
- Store urges shoppers to support local businesses despite changes 1m 55s
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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.