Trump Admits Prices May Rise Due To His Tariffs: ‘Children Will Have 2 Dolls Instead Of 30 Dolls’

by AdminMay 1, 2025, 6:12 pmHomepage Slider, News >

President Donald Trump confessed that his tariffs might result in fewer and costlier goods in the U.S. by Christmas.

On April 2, Trump announced tariffs on almost all imports, including a minimum baseline tax of 10% on all trading partners and more levies on specific countries like China and EU members.

The U.S. stock market has lost $11.1 trillion since Trump was inaugurated as president due to fear and uncertainty provoked by his tariffs.

Following the market meltdown, the president disclosed on Truth Social that he would implement a 90-day pause on his new tariffs against each country except China.

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In his Truth Social post, he said that “the Tariff charged to China by the United States of America to 125%.”

During a cabinet meeting on April 30, Trump told the cabinet members that China is “having tremendous difficulty because their factories are not doing business.” Most economists warn that his tariffs on Chinese imports will disrupt the U.S. supply chains and prompt higher prices.

“They made a trillion dollars with Biden – a trillion dollars – even a trillion one with Biden, selling us stuff, much of it we don’t need,” Trump said.

“You know, somebody said, ‘Oh, the shelves are going to be empty.’ 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.

“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.”

U.S. imports of goods made in China have expanded from toys to electronics, clothes, household goods, appliances, and construction materials.

Trump said he thinks tariffs on Chinese goods will eventually be much lower than 145%.

His remarks came hours after the Commerce Department reported that the U.S. domestic gross product shrank at a 0.3% yearly rate in the first quarter of 2025, lower than the growth of 2.4% at the end of last year. It was America’s worst quarterly performance since early 2022.

Even though he took credit for a strong stock market after his election victory and inauguration, Trump stated on Wednesday that the new economic numbers had nothing to do with him and were Biden’s fault.

“This is Biden’s stock market, not Trump’s,” he claimed in a social media post. “I didn’t take over until January 20.

“Tariffs will soon start kicking in, and companies are moving into the USA in record numbers. Our country will boom, but we have to get rid of the Biden ‘Overhang.’

“This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”