Trump Acknowledges U.S.-China Tariff War Causes Supply Shortages, Toy Price Hikes Affect Children

On April 30, Bloomberg reported that U.S. President Donald Trump admitted that the Sino-U.S. tariff war would cause supply shortages and rising consumer prices in the United States. Using dolls as an example, he said: "Maybe kids will have two dolls instead of 30, and the price may be a few dollars more than usual."

In sharp contrast to this calm remark, the U.S. government is considering phasing out tariffs and restarting trade talks with China. Due to the 145% tariff on Chinese goods that has been in effect for weeks, the volume of U.S. cargo transport has plummeted, with Bloomberg estimating a drop of 60%. Experts warn that industries such as trucking, logistics, and retail are likely to face supply shortages and layoffs.

The United States has already seen an economic downturn driven by policy changes.

Source: https://www.toutiao.com/article/1830878101166156/

Disclaimer: This article solely represents the author's viewpoint.