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- cross-posted to:
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cross-posted from: https://lemmy.world/post/29381241
Donald Trump has threatened to place a 100 percent tariff on Barbie maker Mattel, after the company’s CEO said it would continue to manufacture outside the U.S. but would be reducing its reliance on Chinese imports.
“I’ve heard [Mattel] said: ‘Well we’re going to go counter, we’re going to try going someplace else,’” Trump said in the Oval Office on Thursday. “That’s OK, let him go, and we’ll put a 100 percent tariff on his toys, and he won’t sell one toy in the United States, and that’s their biggest market.”
In an interview with CNBC on Tuesday, Mattel CEO Ynon Kreiz was asked whether it would be cheaper to relocate some manufacturing to the U.S. due to the tariffs, but responded: “We don’t see that happening.”
Math books are going to get so complicated. “If Suzy, an 11 year old baby girl had enough money to buy 30 dolls, but then the price doubled due to tariffs, how many dolls can she buy now? Two, but they are a few dollars more.”
If she could buy 30 and the price doubled, she can now but 15. Where did two come from?
It’s a Trump quote. He said that little kids may only get two dolls instead of 30, and those two may cost a few dollars more.
She COULD afford 30, price doubles and she loses her job. She can now afford 2. And in 6 months she’ll be the #2 black market importer of Barbies and #1 in arms smuggling.