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Benzinga
Benzinga
Business
Namrata Sen

Toy Prices See Unprecedented Surge As Trump Tariffs Take A Toll: 'There's Just No Escaping China'

Donald Trump Eric Trump United States China
Samara,,Russia,,April,,2024:,A,Shelf,In,A,Kindergarten,Filled

Toy prices in the U.S. have hit record highs due to new tariffs imposed by President Donald Trump, impacting an industry largely dependent on Chinese imports.

What Happened: The price of games and playground equipment has seen a record 2.2% surge between April and May. This inflation rate is significantly higher than the 0.1% inflation for all items in the same period, according to the Bureau of Labor Statistics, reported The Washington Post on Tuesday.

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