Donald Trump said kids may find themselves having less dolls due to his tariffs. SOURCE: MEGA
President Donald Trump’s recent tariff hike is now impacting children. He admitted that they can expect fewer toys due to the 145 percent increase on goods from China. As a result, American consumers will feel the pinch in their wallets—and their kids will feel the effects too.
During a Cabinet meeting on April 30, marking 100 days of his second term, President Trump addressed the impact of his tariffs on goods from China. When asked about the effects on consumers and the marketplace, he admitted, “Somebody said the shelves will be open. Well, maybe children will have two dolls instead of 30. Maybe those two dolls will cost a few bucks more than usual.”
He downplayed the situation, stating, “But we’re not talking about something where we’ll have to go out of our way.” Trump also added, “They have ships loaded up with stuff, much of which we don’t need. We need to make a fair deal. We’ve been ripped off by every country, but China is the leading one.”
The 78-year-old president previously outlined a plan for a 10 percent “baseline” tariff, affecting all U.S. imports, except those from Mexico and Canada. Amid backlash, Trump paused the hikes for 90 days after receiving calls from “more than 75 countries” seeking to negotiate a new deal.
He boasted, “These countries are calling us up, kissing my a–. They are dying to make a deal,” and mocked foreign leaders, saying, “Please, please, sir, make a deal. I’ll do anything. I’ll do anything, sir!”
Despite the pause, Trump did not relent on China, instead increasing their tariffs due to the “lack of respect China has shown to the World’s Markets.”
On May 1, the U.S. Commerce Department released a report showing that the American economy shrank by 0.3 percent in the first quarter of 2025 — the first decline in three years. Trump, however, dismissed it, blaming the previous administration on Truth Social: “This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are moving to the USA in record numbers.”
“Our country will boom, but we have to get rid of the Biden ‘overhang,'” Trump said. “This will take a while and has NOTHING TO DO WITH TARIFFS. It’s just that he left us with bad numbers. But when the boom begins, it will be like no other. BE PATIENT!!!”
However, Trump’s wealthy allies haven’t been spared either. Amazon’s Jeff Bezos saw his net worth drop by $30.9 billion after the tariff hike announcement. Elon Musk also took a hit, losing $27 billion from his total net worth.
Despite his financial losses, Tesla founder Elon Musk remains a supporter of Trump. He praised the president during the meeting, saying, “The people voted for secure borders, safe cities, and sensible spending, and that’s what they’ve gotten. A tremendous amount has been accomplished in the first 100 days.”
Musk added, “I think this could be the greatest administration in the history of this country.”
