Trump imposes restriction on trade with China

 NY Post:

...

In his interview with NBC, the president emphasized that he’s not predicting that American consumers will see empty store shelves, but rather that he’s merely trying to close the trade deficit with China.

“No, I’m not saying that,” he said when asked about whether he was expecting shortages. “I’m just saying they don’t need to have 30 dolls. They can have three. They don’t need to have 250 pencils. They can have five.”

“We don’t have to waste money on a trade deficit with China for things we don’t need, for junk that we don’t need.”
...

In April, Trump ratcheted up tariffs on imports from China to 145% for most goods, with a few exemptions in place, including electronics, while his administration studies the supply chain and reevaluates its policy.

Trump already has a slew of tariffs in place, such as a 10% baseline tariff rate on virtually all goods flowing into the US, as well as 25% tariffs on automobiles, aluminum, steel and imports from Canada and Mexico that don’t comply with the United States-Mexico-Canada Agreement.

He’s also threatening to fire off even higher tariff rates unless countries negotiate new arrangements with the US by July 8.
...

It has been a while since my girls were getting dolls for Christmas, and I don't recall where they were from, but they were sold by US companies.  The Trump tariffs on dolls do look unique.  I thought most tariffs were on higher-cost items like vehicles or electronics.

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