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The Independent UK
The Independent UK
Amber Raiken

Toy company CEO issues dire warning about Christmas amid Trump tariff hikes

Toy company BasicFun!’s CEO, Jay Foreman, has shared a warning about prices going up this Christmas due to President Donald Trump’s global tariffs plan.

On Wednesday, the President of the United States announced a 90-day pause on implementing tariffs on imports in 75 nations, only hours after his plan took effect. However, he escalated his tit-for-tat trade war with China by imposing additional duties of 125 percent.

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