NYP: The biggest toy maker in the US is enlarging the footprint of its two domestic factories by 50% — a response to surging demand from retailers as Trump’s tariffs threaten to raise costs, The Post has learned.
Cra-Z-Art, New Jersey-based arts and crafts company, is investing “millions of dollars” to add more than 500,000 square feet to its factories in Tennessee and Florida – despite a lack of clarity on whether tariffs will rise, fall or spark a recession after the US imposed a 20% levy on goods from China, according to its owner.
Cra-Z-Art chairman Lawrence Rosen said he’s responding partly to retailers who fear the tariffs will squelch consumer demand as basic necessities become more expensive. While Rosen declined to name specific retail customers, Cra-Z-Art goods appear on the websites of major chains including Walmart, Target, Amazon and Walgreens.
“We are getting a tremendous amount of pressure from them because they are concerned about keeping their pricing competitive,” Rosen said. “We are protecting our customers and ourselves.”
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Tariffs will fall, as other countries are hurt by the loss of business. Also, while the next quarter might be chaotic we will see a massive domestic surge by Q3.
Most of Trump’s tariffs are in-kind, just bringing our side up because they already have tariffs in place on US goods. One possible difference is Canadia, Mexico, and China – those are partially to get those countries to close the borders and to stop bringing fentanyl and other drugs here. Worth the trade-off in higher prices for the tens of thousands of lives saved.
Tariffs were the way the country started and would have continued to growif not for globalist meddling in the early 1900’s.
F*ck other countries.
America First, always.
Tariffs were the real cause of the so-called Civil War. Southern ports were paying about 90% of Federal income. When that cash cow was cut off, war was the response.
China dumps junk on our market. Eventually, people want something that works and lasts, but since American companies either let Chinese manufacturer their products or they have dropped quality of the product to compete with China. Maybe the tariffs and time will restore American products.
You are correct NIdahoOrthodox. The Morill Tarrif is swept under the rug in history class.
Boy o Boy it’s a Ronco Toy, how about Kenners.
A couple of great toy makers no longer in business.
Gilbert Chemistry Sets and Erector Sets. I wish my kids could have had some of those toys
Canada is making a lot of noise about tariffs. I wonder when they’ll roll back their own levies? These are all pre-Trump:
Milk: 270%
Cheese: 245%
Butter: 298%
Chicken: 238%
Sausages: 69.9%
Barley seed: 57-57.8%
Copper: 48%
Aluminum: 45%
Steel: 25%
Cars: 45%
TVs: 45%
Eggs: 163%
Wheat: 94%
Bovine/Meat: 26.5%
Source : Global Affairs Canada
Santa is moving his workshops from the North Pole and relocating to Alaska.