Most Americans already expect higher prices this holiday season. Between rising costs on everyday goods and uncertainty about where the economy is headed, many shoppers are rethinking how they spend, save and give this year.
“Many categories of typical holiday gifts have already been impacted by tariffs and rising costs. 80% of the market for children’s toys is imported, and major players such as Mattel and Hasbro have already announced price increases,” Joe Adamski, supply chain expert and senior director at ProcureAbility, wrote in an email. “About 90% of consumer electronics are sourced internationally, and are particularly vulnerable to tariff actions.”
