Shoppers look at toys in a Walmart store in Houston last November. Toys imported from China could be among the consumer goods rising in price if President Trump’s latest proposed tariffs take effect.
Wall Street is waiting to see if Target Corp., J.C. Penney Co. and Kohl’s Corp. also warn of higher prices when they report their quarterly results this week. It’s unclear which types of goods would increase most in price, as retailers typically shy away from discussing specific pricing strategies in advance.
For instance, China makes nearly 85% of the $27 billion worth of toys sold in the United States each year, according to“If prices go up it’s going to dampen sales, there’s no question about it,” Toy Assn. President Steve Pasierb said. “And we’re an industry still recovering from the loss of Toys R Us,” the retailer that liquidated last year, he said.
They can absorb the higher tariffs in hopes of keeping prices stable and not losing sales, but that eats into profits. Conversely, they could raise consumer prices to protect profits and risk a falloff in demand for their goods. For many retailers, it’s likely to be a combination of both, experts said.
The United States and China have been negotiating a new trade pact, and Trump has said he’s made no decision yet on whether to implement the new tariffs.
😂😂😂 oh no. You’re not going to be able to buy more plastic crap that you and your children don’t need. 🙄
Buy American.
It's here, we have paid low Chinese Govt subsidized prices for decades but gave up American manufacturing jobs resulting in growing unemployment. However, when America is poor & can no longer compete, China will raise prices to unaffordable & make $ Trillions of trade surplus
Chinese made crap won’t be missed
Easy peasy, stop buying cheap Chinese crap. I actually read labels and buy according to country of manufacture.
BreakingNewzman The US-China trade battle has already arrived at locally-owned bicycle shops: there is a bike shortage as most are made in Cihina. Shortage in parts for repairs, too.
indivisibletx27 Tank the economy. Of course. Tariffs are taxes so of course we are paying for it more than likely we will quit spending the businesses close. What's new? Repubs broke us last time being crooks.
Calm down socialist El Segundo Times !
good , people will learn to buy quality products over quantity and save in a long run
Another good reason to just shop online , lol
Mall?
thx donald.
We send checks to gang members to pay for school? Illegals and welfare slackers get checks? Refugees/HUD get checks? Billions $ to fraud food stampers and others and PA republican and dems claim WE should not send checks to farmers/ranchers to help with tough tariff times? Duhhh?
Good going jacka** WhiteHouse