“Maybe the two dolls will cost a couple of bucks more than they would normally,” Trump added as he brushed off concerns about Chinese imports
- President Donald Trump has admitted that his tariffs on China might have a stark impact on U.S. goods.
- Trump brushed off concerns, saying, “Well, maybe the children will have two dolls instead of 30.”
- The U.S. Commerce Department reported on Wednesday, April 29, that the economy had shrunk 0.3% during the first quarter, but Trump placed that blame on his predecessor, President Joe Biden.
President Donald Trump has admitted how his foreign tariffs may impact American consumers following a new report about the U.S. economy.
During a Cabinet meeting on Wednesday, April 30, Trump was asked about his tariffs on goods from China and how they might continue to affect the U.S. marketplace. In early April, the president upped the tariffs to 145% and Bloomberg reported this week that cargo shipments from China have since fallen by an estimated 60%.
“Somebody said the shelves will be open. Well, maybe the children will have two dolls instead of 30. Maybe the two dolls will cost a couple of bucks more than they would normally,” Trump said of the tariffs’ effect on U.S. goods.
“But we’re not talking about something where we’ll have to go out of our way,” he continued. “They have ships that are loaded up with stuff, much of which we don’t need. And we have to make a fair deal. We’ve been ripped off by every country in the world, but China, I would say, is the leading one.”
On Thursday, May 1, the U.S. Commerce Department released a new report indicating that the American economy shrank by 0.3% during the first quarter of 2025.
However, on his Truth Social page, Trump was quick to place the blame on his predecessor, President Joe Biden.
“This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th,” he wrote. “Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers.”
“Our Country will boom, but we have to get rid of the Biden ‘Overhang,’ ” he continued. “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!!!”
The tariffs on China are some of the only ones that actually went into effect following Trump’s April 2 “Liberation Day” speech, in which the president threatened tariffs on nearly all imported goods.
