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- Toy prices rise amid Trump tariffs; bigger hikes possible</p>
<p>June 25, 2025 at 11:29 AM</p>
<p>Shoppers push their carts through the toy aisles at the Costco. (Keith Srakocic/)</p>
<p>Toy prices are on the rise.</p>
<p>Prices for dolls, stuffed animals, building blocks and games rose 2.2% between April and May, according to the Bureau of Labor Statistics.</p>
<p>Analysts say the increase is unprecedented and largely driven by new U.S. trade policies.</p>
<p>Roughly 75% of toys sold in the United States are imported from China, according to the U.S. Census Bureau.</p>
<p>Those goods are currently subject to a 30% tariff, and prices could rise further after a 90-day pause ends in August, unless the two countries reach a new agreement.</p>
<p>RELATED STORY | Trump claims trade deal with China is 'done,' hints at tariff changes</p>
<p>The United States and China have gone back and forth this year, adjusting tariff rates multiple times.</p>
<p>In May, the U.S. lowered its tariff rate on Chinese goods from 145% to 30%, while China agreed to reduce its rate on U.S. goods to 10%.</p>
<p>Days later, President Trump announced that a "deal with China is done," though he noted it was still subject to final approval. Under the proposed agreement, Chinese goods would face a 55% tariff, while U.S. goods exported to China would be subject to a 10% rate.</p>
Source: AOL Money
Source: AsherMag
Full Article on Source: Astro Blog
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