Trump Threatens 100 Percent Tariffs On Mattel And Barbie Dolls
Trump Goes After Toy Maker Mattel
Newsweek reports Donald Trump Threatens To Stop Barbie Dolls Being Sold in US
President Donald Trump has threatened to place a 100 percent tariff on Barbie maker Mattel, after the company’s CEO said it would continue to manufacture outside the U.S. but would be reducing its reliance on Chinese imports.
“I’ve heard [Mattel] said: ‘Well we’re going to go counter, we’re going to try going someplace else,’ ” Trump said in the Oval Office on Thursday. “That’s OK, let him go, and we’ll put a 100 percent tariff on his toys, and he won’t sell one toy in the United States, and that’s their biggest market.”
Better Off With No Barbies
Also consider Girls Need to Be Told Having Fewer Dolls a Good Thing.
During a Cabinet meeting last week, the president acknowledged that the ongoing trade dispute with China could see fewer toys on store shelves.
“You know, somebody said, ‘Oh, the shelves are going to be open,’” Trump said. “Well, maybe the children will have two dolls instead of 30 dolls, you know? And maybe the two dolls will cost a couple of bucks more than they would normally.”
The toy industry in particular, given its outsize reliance on Chinese imports, has expressed concern that should the tariffs remain in place, shoppers could face significantly higher costs and product shortages as far off as Christmas.
During a Cabinet meeting last week, the president acknowledged that the ongoing trade dispute with China could see fewer toys on store shelves.
“You know, somebody said, ‘Oh, the shelves are going to be open,’” Trump said. “Well, maybe the children will have two dolls instead of 30 dolls, you know? And maybe the two dolls will cost a couple of bucks more than they would normally.”
Watch Bessent Struggle With a Simple Question
That is beyond pathetic.
Please play the video. Bessent is shockingly stupid in his reply.
He knows the answer but instead lies for Trump stumbling over his words, totally unprepared for the obvious question.
Movies, a National Security Issue
Please note Movies Are Now a National Security Threat, 100 Percent Tariffs Announced
Just when you thought national security threats could not get any stupider … Trump says Hollywood ‘dying’; orders 100% tariff on non-US movies to save it.
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The share of manufacturing employment keeps declining. What role did NAFTA play?
Also note Consumers Face End of De Minimis Tariff Exemptions on $800 Packages
The trade provision that allows consumers and resellers to avoid duties on shipments worth $800 or less is ending for products made in China.
Hooray!? 40% to 100% Higher Prices
Who wants that? (Exclusions for cultist parrots who cannot think).
The idea we are going to bring shoe or clothes manufacturing back to the US (or that we would like the price result if we did) is of course ludicrous.
Irony of the Year
Yesterday, Trump posted on Truth Social “CLOSED MARKETS DON’T WORK ANYMORE!!!”
For discussion of the irony of the year, please see 80 Percent Tariff on China ‘Seems Right’ Says Trump, But It’s Nearly as Stupid
An 80 percent tariff is nearly as stupid as a 145 percent tariff because most trade with China would still stop. Trade might stop at 50 percent.
And it is US consumers who pay that tariff, not China.
After ranting about “closed markets” yesterday, today Trump insists Barbie dolls be made in the US.
You can’t make this up.
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Big Three Automakers Blast Trump’s UK Trade Deal80 Percent Tariff On China ‘Seems Right’ Says Trump, But It’s Nearly As Stupid
Chinese Exports To The US Drop 21 Percent But Total Exports Rise