President Trump appeared on Wednesday to admit him China’s high tariffs There may be fewer items on the shelves and higher prices.
Economists warn that Trump’s tariffs on Chinese imports will disrupt supply chains and lead to higher prices, which has led to real pain being carried by China, and have recognized that consumers can see the toys on shelves for a while at a slightly higher price. Speaking at a cabinet meeting in the White House, the president said Americans don’t need many products from China.
“I told you before, they’re having a lot of trouble because their factories don’t have business,” the president said of China. “They made $1 trillion with Biden, $1 trillion with Biden, and $1 trillion with Biden, and we don’t need it. Well, maybe our kids have 30 dolls.
US imports of goods made in China have expanded beyond toys and include electronics, clothing, household items, electrical appliances, construction materials and more. The president said he believes that tariffs on Chinese goods will ultimately be significantly lower than 145%.
Trump’s remarks came hours after the Commerce Department It has been reported US gross domestic product contracted at an annual rate of 0.3% in the first quarter of 2025 from its 2.4% growth at the end of 2024. It was the country’s worst quarterly performance since early 2022. Despite celebrating the election victory and the strong stock market achievements since taking office, Trump on Wednesday argued that Wednesday’s economy numbers did nothing in his primary.
“This is Biden’s stock market, not Trump’s stock,” the president wrote Wednesday about the true social of his social media platform. “I didn’t take over until January 20th. Tariffs are kicking quickly, and businesses are beginning to move to the US in record numbers. Our country is booming, but we need to remove Biden’s “overhan.” This takes a while and has nothing to do with tariffs, but he left us with a bad number, but when the boom starts, it’s no other patient!!!”
On Wednesday afternoon, the president took that statement a step further, telling reporters, “I can even tell the next quarter that it’s like Biden.”
Trump has rejected the possibility of price increases due to previous tariffs. Last month, he told NBC News in a phone interview that he “don’t really care” if the automaker raises prices as a result of new tariffs. This week, the president took an enforcement action. It will relieve the effects Of the 25% tariffs he places on foreign cars and foreign car parts.
recently CBS News/YouGov Poll Most Americans (69%) have been found, and the Trump administration has not focused sufficiently on price cuts, with 62% saying he is focusing too much on implementing tariffs.
