logo
Tariff uncertainty threatens Christmas for toymakers and retailers

Tariff uncertainty threatens Christmas for toymakers and retailers

Yahoo01-05-2025

(NewsNation) — With seven months until Christmas, President Donald Trump's hardline stance on China and rising tariffs may put the holiday season at risk for American retailers and manufacturers.
U.S. toymakers and stores rely heavily on China to stock their holiday inventory. But escalating tariffs are squeezing manufacturers, with retailers warning that the supply chain for toys and decorations is under serious threat.
The impact is already being felt, and toymakers are raising prices, retailers are slashing orders, and shipping companies are bracing for delays.
Many small businesses say they're facing an unprecedented holiday season, with some fearing they may not survive if conditions don't improve.
Will DOGE stimulus checks be sent out?
Kara Dyer, the founder of Storytime Toys, told 'NewsNation Live' on Thursday that she's already cut back orders and may have to put her business on hold if tariffs stay in place.
Dyer explained that one of the biggest hurdles is the upfront cost of the tariffs.
'For a $100,000 order, say that I might place for the holiday season, I'll have to come up with another $150,000 to pay for that order,' said. 'That's like the first hurdle that all of these manufacturers are going to have to address, and I don't know if I can do it.'
She added, 'If we were able to pay the tariff, and we did bring the products in, we would have to pass some of that cost on to our customers,' Dyer said.
Typically, Dyer places her holiday orders by mid-April. This year, uncertainty around tariffs kept her from placing an order. She estimates she has about two weeks left to make a final decision.
Mother's Day gifts your mom actually wants
President Trump is brushing off the warnings, suggesting people can make do with less this Christmas.
'You know, someone said, 'Oh, the shelves, they're going to 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 than they would normally. But we're not talking about something that we have to go out of our way. They have ships that are loaded up with stuff, much of which — not all of it — but much of which we don't need.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says governors should be able to handle disasters without FEMA
Trump says governors should be able to handle disasters without FEMA

Washington Post

time30 minutes ago

  • Washington Post

Trump says governors should be able to handle disasters without FEMA

President Donald Trump said Tuesday that his administration plans to 'wean' states off of Federal Emergency Management Agency assistance after this year's hurricane season, offering in the most explicit terms yet his plans for states to respond to natural disasters and other emergencies on their own. 'We're moving it back to the states, so the governors can handle. That's why they're governors,' Trump told reporters in the Oval Office. 'If they can't handle it, they shouldn't be governor.'

LA anti-ICE looters shatter Apple store and make off with iPhones, Adidas in another night of chaos
LA anti-ICE looters shatter Apple store and make off with iPhones, Adidas in another night of chaos

New York Post

time32 minutes ago

  • New York Post

LA anti-ICE looters shatter Apple store and make off with iPhones, Adidas in another night of chaos

Looters tore apart stores across Los Angeles as daytime protests against ICE-immigration raids descended into chaos overnight, yet again — and even a museum dedicated to Japanese-American immigrants was vandalized. Windows were smashed and merchandise was stolen at LA's Broadway Apple store Monday night, while down the block the Adidas store was broken into and robbed of sneakers by frenzied crowds. The windows of a nearby jewelry store were also smashed open and the shop's shelves were completely emptied by looters, while two marijuana dispensaries and a pharmacy were also raided, according to NBC 4. 4 A worker boards up an Adidas store after it was looted following days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. REUTERS Footage from the chaos showed mobs masked and hooded hooligans pouring into the stores and grabbing armloads of whatever was in sight and then pouring back out onto the street spilling goods as they fled. Some ran right into the ranks of waiting cops, but many were able to muscle themselves free from the overwhelmed officers and escape. 'This is so ridiculous. This doesn't look like they're protesting for ICE or anything. Just looting the stores,' one fed up business owner who watched the overnight chaos unfold told News Nation. Across town in Little Tokyo, a sushi restaurant — Otoro Sushi — even had its doors ripped open by mobs, with troublemakers appearing to make off with a computer monitor and other equipment while onlookers yelled that they were 'Making us look bad.' 4 Products lie scattered in an Apple store after it was looted following days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. REUTERS 4 People clean graffiti after days of protests against federal immigration sweeps and the deployment of the California National Guard and US Marines, outside the Japanese American National Museum in Little Tokyo, Los Angeles, California, U.S., June 10, 2025. REUTERS The Japanese American National Museum was even targeted, with 'F**k ICE' and other graffiti spray-painted across windows, walls, and even over what appeared to be an outdoor exhibit about Japanese-American soldiers who fought in WWII as their families were locked away in internment camps. Volunteers flocked to the museum Tuesday morning with brushes and soap to help scrub away what vandalism they could, photos showed. And back on Broadway workers were seen laboring to sweep up and take stock of the damaged stores, while shattered windows and doors were boarded up. 4 Broken glass lies on the floor of a cannabis stores after it was looted following days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. REUTERS At least 14 people were arrested for looting, according to police, while another 96 were arrested for failure to disperse. The protests were expected to continue for a fifth day and night Tuesday, as President Trump dispatched another round of National Guard troops — as well as Marines forces — to quell the chaos. Those deployments — which California's and LA's Democrat leaders say have done nothing but fuel the chaos in the city — is expected to cost at least $134 million, the Pentagon revealed Tuesday. Defense Secretary Pete Hegseth said its likely the troops will remain in LA for about 60 days, telling a House budget hearing that the protestors were 'rioters, looters and thugs.' Chaos was sparked in the City of Angels Friday after ICE carried out numerous raids to arrest suspected illegal immigrants. Activists attempted to block the raids and later picketed a downtown detention center where some of the detainees were being held, before the demonstrations snowballed into all-out riots in some areas.

Granholm: Democrats would ‘welcome' Musk ‘helping us out'
Granholm: Democrats would ‘welcome' Musk ‘helping us out'

The Hill

time32 minutes ago

  • The Hill

Granholm: Democrats would ‘welcome' Musk ‘helping us out'

Former Energy Secretary Jennifer Granholm said Tuesday that Democrats would 'welcome' tech billionaire Elon Musk 'helping us out' after an intense clash between Musk and President Trump last week. 'I think the Democrats would welcome him helping us out, politically, but — financially, etc.,' Granholm said at Politico's 2025 Energy Summit. 'But, maybe, maybe not, I don't know. I'm not running.' Last Thursday, a fight between Musk and Trump over the president's 'big, beautiful bill' earlier in the week escalated rapidly on Musk's X platform and Trump's Truth Social platform. The president said the tech billionaire 'just went CRAZY!' and threatened Musk's government contracts. Musk alleged that Trump had ties to convicted sex offender and financier Jeffrey Epstein on X. The public spat followed the end of Musk's recent service in the Trump administration and an alliance with the president that appeared to start off strong. Musk endorsed Trump in July 2024 in the wake of Trump surviving an assassination attempt in Pennsylvania. Musk's administration service was marked by intense backlash from those on the left and Democrats over actions taken by Musk's Department of Government Efficiency (DOGE) on the federal government. Trump's ex-personal attorney Michael Cohen on Saturday said that Trump isn't done with tech billionaire Elon Musk yet. 'They're going to really go after Elon Musk like nobody has seen, ever, in this country, because they can,' Cohen told MSNBC's Ali Velshi.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store