Trump Tariffs Impact U.S. Households
This is a U.S. news story, published by ABC News, that relates primarily to The Toy Association news.
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•Business
Business & Economics
Trump's tariffs: How American families, parents will be impacted
86% Informative
An analysis estimates new tariffs will cost U.S. households nearly $5,000 .
The cost of baby and kids' gear is likely to increase if new tariffs continue.
Food and household items from fruits like bananas to staples like oats are expected to increase in price.
Baby formula and diapers appear not to be exempt from new tariffs.
Democratic lawmakers have also called for exclusions on tariffs of children's products they called "necessities" The Toy Association , a leading nonprofit representing the U.S. toy industry, said 80% of toys come from China .
Toy Association renewed its call for " zero for zero " tariffs on toys in late April .