Gloom in Barbieland as Trump tariffs drive up costs
GIJON, Spain, April 14 (Reuters) - Surrounded by hundreds of Barbies at her home in the northern Spanish port of Gijon, TikTok influencer and collector Noemi de Lama has shared the news with her followers that U.S. tariffs are likely to drive up the price of their favourite dolls.
De Lama, who goes by the name of Mistik, believes she and other collectors will carry on buying.
She estimates, however, the knock-on impact of Donald Trump's tariffs will be to increase prices of the Mattel Inc (MAT.O), opens new tab dolls by around a fifth or more as many are manufactured in China.
"Every time someone wants to bring something (from) outside the United States to his country, Trump is going to overcharge," she said in an online post.
If it is any consolation, the rise is part of more generalised inflation.
"Let's not forget that (prices) are rising not only on luxury items or whims, such as collecting. The rest of the things go up also," she said.
The Barbie gloom extends to the southeastern town of San Vicente del Raspeig, on the other side of Spain, where toy store owner Gloria Diez is also alarmed, fearing price rises will be passed on from manufacturers to distributors and buyers.
"The end-customer is the one who ends up paying for that increased amount," Diez said.
"As a merchant and collector, in the end, any instability in the market, whether it's a war, tariffs, or containers from China suddenly being stuck at the canal, it is always something that will affect our trade," she said.
Mattel did not immediately respond to a request for comment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
an hour ago
- BBC News
Frederick Forsyth: Life as a thriller writer, fighter pilot, journalist and spy
Frederick Forsyth, who has died at the age of 86, wrote meticulously researched thrillers which sold in their millions.A former fighter pilot, journalist and spy, many of his books were based on his own wove intricate technical details into his stories, without detracting from the lightning pace of his research often embarrassed the authorities, who were forced to admit that some of the shady tactics he revealed were used in real-life espionage. Frederick McCarthy Forsyth was born on 25 August 1938 in Ashford, Kent. The only child of a furrier, he dealt with loneliness by immersing himself in adventure his favourites were the works John Buchan and H Rider Haggard, but Forsyth adored Ernest Hemingway's book on bullfighters, Death in the was so captivated that - at the age of 17 - he went to Spain and started practising with a cape. He never actually fought a bull. Instead, he spent five months at the University of Granada before returning to do his national service with the spent years dreaming of becoming a pilot, Forsyth lied about his age so he could fly de Havilland Vampire 1958, he joined the Eastern Daily Press as a local journalist. Three years later, he moved to the Reuters news Tonbridge School, Forsyth had excelled in foreign languages but little else. Fluent in French, German, Spanish, and Russian, he was a born foreign correspondent. Posted to Paris, he covered a number of stories relating to assassination attempts on the life of France's President Charles de Gaulle, by members of the Organisation de l'Armee Secrete (OAS).The group of ex-army personnel were angered at de Gaulle's decision to give independence to Algeria after many of their comrades had died fighting Algerian called the OAS "white colonialists and neo-fascists".And he decided that, if they really wanted to kill de Gaulle, they would have to hire a professional assassin. Forsyth joined the BBC in 1965. Two years later, he was sent to Nigeria to cover the civil war that followed the secession of the south-eastern region of the fighting dragged on far longer than had been expected, Forsyth asked permission to stay and cover it. According to his autobiography, the BBC told him "it is not our policy to cover this war"."I smelt news management," he said. "I don't like news management." He quit his job and continued to cover the war as a freelance reporter for the next two chronicled his experiences in The Biafra Story, which was published in 1969. He later claimed that, while in Nigeria, he began working for MI6, a relationship that continued for two decades. He also become friendly with a number of mercenaries, who taught him how to get a false passport, obtain a gun and break an enemy's these tricks of the trade would be incorporated in a tale of an attempted assassination of President de Gaulle, The Day of the Jackal, which he pounded out in his bedsit on an old typewriter in just 35 spent months trying to get it published but faced a string of rejections. "For starters, de Gaulle was still alive," he said, "so readers already knew a fictional assassination plot set in 1963 couldn't succeed."Eventually, a publisher risked a short print run and sales of the book, described once as "an assassin's manual", took off, first in the UK and then in the US. The Day of the Jackal showcased what would become the traditional hallmarks of a Forsyth thriller. It wove together fact and fiction, often using the names of real individuals and Jackal's forgery of a British passport, using the name of a dead child taken from a churchyard, was perfectly feasible in the days before electronic databases and tale was made into an award-winning film in 1973, staring Edward Fox as the anonymous gunman. Forsyth followed up his success with The Odessa File, the story of a German reporter attempting to track down Eduard Roschmann - a notorious Nazi nicknamed the "Butcher of Riga" - who is protected by a secret society of former SS men known as part of his research, Forsyth travelled to Hamburg posing as a South African arms dealer. "I managed to penetrate their world and was feeling rather proud of myself," he later said."What I didn't know was that the (contact) had passed a bookshop shortly after our meeting. And there, in the window, was The Day of the Jackal, with a great big picture of me on the back cover."The film of the book led to the identification of the real "Butcher of Riga", who was living in Argentina - after one of his neighbours went to see it at the local cinema. He was arrested by the Argentinian authorities, but skipped bail and fled to book also mentioned a hoard of Nazi gold that was exported to Switzerland in 1944. Twenty-five years after publication, the Jewish World Congress discovered this passage and, eventually, located gold valued at £1bn. According to the Sunday Times, Forsyth's third novel, The Dogs of War, drew on his experience of organising a coup in newspaper reported that Forsyth had once spent $200,000 hiring a boat and recruiting European and African soldiers of fortune for a raid designed to oust the President of Equatorial Guinea in plan was said to have failed when the arrangements broke down and the soldiers were intercepted by the Spanish police in the Canary Islands, 3,000 miles from their came Devil's Alternative, in which Britain's first female prime minister, Joan Carpenter, was firmly based on Margaret Thatcher, a politician Forsyth greatly admired. She later appeared, under her real name, in four Forsyth was a move into biography in 1982 with Emeka, the life story of Forsyth's friend Col Chukwuemeka Odumegwu Ojukwu, the head of state of Biafra during that country's brief independence. In 1984, he returned to the novel with The Fourth Protocol: a complex tale of a Soviet plot to influence the British general election and install a hard-left Labour book so impressed Sir Michael Caine that he persuaded Forsyth to allow a film version, in which the veteran actor starred alongside Pierce the late 1980s, Forsyth separated from his first wife, the former model Carole Cunningham and was photographed alongside the actress Faye Negotiator, published in 1991, continued the successful run while The Deceiver, the tale of a maverick but brilliant MI6 agent, was made into a BBC two more thrillers, The Fist of God and Icon, Forsyth took an abrupt detour with The Phantom of Manhattan: a sequel to the Phantom of the Opera, which had been a successful was not a great success but, in 2010, Andrew Lloyd Webber took elements of it for his musical follow-up to Phantom, Love Never Dies. A second set of short stories, The Veteran, also had mixed reviews but Forsyth bounced back in his usual style with Avenger, a 2003 political thriller and, three years later, The Afghan, which had links with the earlier Fist of now, Forsyth had established a reputation as a broadcaster and political pundit. He was a frequent guest on the BBC's topical debate programme Question Time, as someone who held views on the right of the political spectrum.A committed Eurosceptic, he once derailed former Prime Minister Ted Heath on the programme - after proving that he had indeed, despite his denials, once signed a document agreeing to transfer UK gold reserves to Frankfurt. On turning 70, the pace of his writing began to slow. The Cobra, published in 2010, saw the return of some of the characters from 2013, Forsyth published The Kill List, a fast-moving tale built round a Muslim fanatic called The Preacher, whose online videos encouraged young Muslims to carry out a series of wrote all his books on a typewriter and refused to use the internet for his research. Ironically, his 18th novel, The Fox - published in 2018 - was a spy thriller about a gifted computer announced it was to be his final book, but he later came out of self-imposed retirement after the death of his second wife, Sandy, in said he was writing another adventure, and even suggested a raffle might give someone the chance to name a character after sold the film rights for £20,000 in the 1970s, Forsyth received no payment for Eddie Redmayne's version of The Day of the Jackal when it was re-imagined for television last year on into his 80s, he had long since agreed to stop research trips to far-flung parts of the world - when a trip to Guinea-Bissau left him with an infection that nearly cost him a leg."It is a bit drug-like, journalism," he admitted. "I don't think that instinct ever dies."It was an instinct that made his life as full and exciting as his thrillers.
Reuters
3 hours ago
- Reuters
US wholesale inventories in April revised higher
WASHINGTON, June 9 (Reuters) - U.S. wholesale inventories increased in April amid stockpiling of prescription medication in anticipation of tariffs from the Trump administration. Stocks at wholesalers rose 0.2% instead of being unchanged, as estimated last month, the Commerce Department's Census Bureau said on Monday. Economists polled by Reuters had expected last month's estimate would be unrevised. Inventories, a key part of gross domestic product, climbed 0.3% in March. They advanced 2.3% on a year-over-year basis in April. Wholesale stocks of prescription medication surged 1.3% in April. There were also increases in apparel, motor vehicle, groceries and professional equipment inventories. President Donald Trump has said he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients. Apart from drugmakers, businesses front-loaded imports in the first quarter, seeking to avoid Trump's sweeping duties on foreign goods, resulting in a large trade deficit that subtracted a record 4.90 percentage points from GDP. The front-running faded in April, leading to a record decline in imports and the overall trade deficit. While the contraction in the deficit at face value suggests trade could significantly add to gross domestic product in the second quarter, economists say some of the boost could be offset by low inventories. Inventory accumulation increased at a rate of $163.0 billion in the first quarter. The economy contracted at a 0.2% annualized rate in the January-March period, the first GDP decline in three years. It grew at a 2.4% pace in the fourth quarter. Sales at wholesalers edged up 0.1% in April after jumping 0.8% in March. At April's sales pace it would take wholesalers 1.30 months to clear shelves, unchanged from March.
North Wales Chronicle
3 hours ago
- North Wales Chronicle
TikTok creating more than 500 new British jobs as UK users top 30 million
The Chinese-owned social media firm said its UK workforce would expand to 3,000 this year as part of its 'deep commitment' to the UK. It will also open a new 135,000sq ft office in London's Barbican, which is set to open early next year. The group already has its UK headquarters in Farringdon, London, which were opened in 2022. TikTok unveiled the plans as it said it now has more than 30 million regular users in the UK each month, which makes the market is biggest user community in Europe. Adam Presser, director of TikTok UK and global head of operations and trust and safety, said: 'Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK, an important hub for TikTok.' But it comes after Cabinet minister Pete Kyle signalled he was looking at measures to restrict the amount of time children spend on their phones, including through a possible 10pm curfew. Mr Kyle was asked on Sunday morning whether he would look at limiting the time children spend on social media to two hours per app after the Sunday People and Mirror reported the measure was being considered by ministers. The Online Safety Act has passed into law, and from this year will require tech platforms to follow new Ofcom-issued codes of practice to keep users safe online, particularly children. Hefty fines and site blockages are among the penalties for those caught breaking the rules, but many critics have argued the approach gives tech firms too much scope to regulate themselves. TikTok's Mr Presser said that, as well as its UK expansion plans, the group also invests 'significantly' in safety. He said: 'What underpins our continued growth is our deep commitment to safety and to creating an enjoyable and secure digital space to sustainably support creators, entrepreneurs and the wider economy, which is why we also invest significantly in safety.' TikTok first launched its UK operations in 2018 and is financially incorporated in Britain. The group was fined 530 million euro (£446 million) by the Irish data protection watchdog last month for breaching EU privacy rules around transferring user data to China. The video-sharing app was also sanctioned for not being transparent with users about where personal data was being sent and ordered the platform to comply with data protection rules within six months. TikTok said it would appeal against the decision. The social media giant, which is owned by China-based ByteDance, has been under scrutiny from regulators around the world over how it handles personal data, and is also facing a ban in the United States over its China links, which the US government has said is a national security issue.
