Top White House aide Stephen Miller claimed Thursday that Americans are likely to be “willing to pay more” for American-made dolls.
On Wednesday, President Trump said that children could have fewer toys amid high tariffs on trading partners.
“You know, someone said, ‘Oh, the shelves, they’re going to be open.’ Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally,” the president said.
During a Thursday press briefing, NBC News’s Peter Alexander referenced Trump’s comments from the previous day.
“He was making the point that I think almost every American consumer agrees with, what — if they had a choice between … a doll from China that might have, say, lead paint in it, that is not as well constructed as a doll made in America, that has a higher environmental and regulatory standard, and that is made to a higher degree of quality, and those two products are both on Amazon, that yes, you’d probably be willing to pay more for a better-made American product,” Miller said in response to Alexander.
Recent tariff policy from the Trump administration has rattled markets worldwide, increased anxiety around the economy and strained relationships with longtime American allies like Canada and the European Union.
General Motors (GM) said Thursday that Trump’s tariffs could cut as much as $5 billion from its profits this year.
In a letter to investors, GM CEO and Chair Mary Barra said taking into account “the positive impact of the Administration’s actions this week,” $10 billion and $12.5 billion in earnings before interest and taxes are expected by the company this year, with a $4 billion to $5 billion loss due to the president’s tariffs.
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