American retailers are growing worried that President Trump's trade war and increased volatility will lead to empty shelves, higher prices and store closures as Chinese imports screech to a halt.
Young Americans are sounding the alarm about their finances, with roughly 2 in 5 people under 30 saying they're either "struggling to make ends meet" or "getting by with limited security."
-- CNBC (@cnbc.com) April 24, 2025 at 11:00 PM
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"Baby tax": Trump tariffs send baby gear prices soaring
www.axios.com
... New parents looking to purchase a stroller may want to get a jump start, as the price of baby gear is climbing thanks to President Trump's tariffs, CEOs warn.
The big picture: The president has become a powerful ally in the push for women to have more children but his roller-coaster tariffs have made it more expensive for parents to buy the baby products they need, industry leaders say.
Zoom in: Prices on baby essentials, like car seats and strollers, started increasing last week and are up, on average, by about 30%, said Elizabeth Mahon, founder of D.C.-based children's store Three Littles.
- - - "Prices are through the roof right now," she said, adding that they're expected to continue going up in coming weeks.
Case in point: The price of an UPPAbaby stroller, which Mahon said is of one of the most popular strollers in the country, is going to jump from $899 to $1,200 in early May, she said.
- - - Strollers and car seats from Nuna, another popular brand, already went up $100 and $50, respectively.
- - - Over the next 30 to 45 days, Munchkin will instate price increases across about 90% of its products, which range from sippy cups to high chairs, CEO Steve Dunn told Axios.
State of play: 97% of strollers and 87% of car seats are made in China, according to Babylist, a popular baby registry platform. ...
Trump Claims Revenue From Tariffs Could Completely' End Income Taxes For Some Americans
www.forbes.com
... President Donald Trump said in a Truth Social post Sunday morning "many people's Income Taxes will be substantially reduced, maybe even completely eliminated" once revenue from tariffs comes in ...
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