President Donald Trump made headlines this week when he seemed to suggest that American families might be able to afford fewer toys due to his trade policies.
"Well, maybe the children will have two dolls instead of 30 dolls," Trump said on Wednesday, "and maybe the two dolls will cost a couple of bucks more than they would normally."
That was Trump's most direct admission yet about the potential costs of his trade war—which could reduce the average household's income by nearly $3,800 this year, according to the Yale Budget Lab's estimates.
