{"id":42050,"date":"2025-05-08T23:06:29","date_gmt":"2025-05-09T04:06:29","guid":{"rendered":"https:\/\/ustower.net\/?p=42050"},"modified":"2025-05-08T23:07:01","modified_gmt":"2025-05-09T04:07:01","slug":"trump-gives-break-to-rolls-royce-cars-but-threatens-more-tariffs-on-mattel-toys","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=42050","title":{"rendered":"Trump gives break to Rolls-Royce cars but threatens more tariffs on Mattel toys"},"content":{"rendered":"\n

Luxury British carmakers like Rolls-Royce, Range Rover and Aston Martin will be getting a tariff reprieve under the outlines<\/a> of a trade agreement President Donald Trump announced Thursday while doubling down on his threats to continue tariffs on toys. <\/p>\n\n\n\n

Shortly after announcing<\/a> he would reduce the tariff on British cars to 10%, from 27.5%, Trump said he would keep steep tariffs on toymaker Mattel \u2014 even if the company moves its overseas production out of China, where it makes around 40% of its toys. Mattel CEO Ynon Kreiz said this week that the company was looking to shift more production out of China, but doesn\u2019t see it moving to the U.S.<\/p>\n\n\n\n

\u201cThat\u2019s OK, let him go, and we\u2019ll put a 100% tariff on his toys, and he won\u2019t sell one toy in the United States, and that\u2019s their biggest market,\u201d Trump said in remarks from the Oval Office. \u201cI heard that, I mean, I watched this guy talking about how I\u2019m going to go counter. I said, \u2018Well, I wouldn\u2019t want to have him as an executive too long.\u2019\u201d<\/p>\n\n\n\n

But in giving a tariff break to Rolls-Royce, Trump dismissed the idea that those vehicles could be made in the U.S. Other luxury cars made in the U.K., like Range Rovers, Land Rovers and Jaguars, will also be exempt from the 25% tariff Trump put earlier this year on all auto imports and charged a lower rate of 10%, even though those automakers ship thousands more vehicles to the U.S. than Rolls-Royce<\/p>\n\n\n\n

\u201cWe took it from 25 to 10 on Rolls-Royce, because Rolls-Royce is not going to be built here. I wouldn’t even ask them to do that. It’s a very special car, and it’s a very limited number, too,” Trump said. “It’s not, you know, one of the monster car companies that makes millions of cars. They make a very small number of cars that are super luxury.”<\/p>\n\n\n\n

Mattel\u2019s Kreiz said the company has been shifting its production out of China for the past seven years and was looking to continue to diversify its supply chain in the coming months. Still, the maker of Barbie dolls and Hot Wheels cars told CNBC that \u201cwhere necessary, we will be taking pricing action in the U.S.\u201d and didn’t foresee being able to move manufacturing to the U.S.<\/p>\n\n\n\n

\u201cWe believe that production in other countries, where we can be efficient and more productive, is the best balance between manufacturing outside of the U.S. and continuing to develop products in terms of design and creativity in America,\u201d Kreiz said.<\/p>\n\n\n\n

The United States imports from China as much as 75% of the toy products it sells, according to the Commerce Department, making it one of the industries most reliant on that country\u2019s supply chain<\/a>. <\/p>\n\n\n\n

Trump has repeatedly dismissed the impact of price increases on children\u2019s items produced in China, including toys and strollers, which are largely made there, though Treasury Secretary Scott Bessent said exemptions for baby products were \u201cunder consideration.\u201d<\/p>\n\n\n\n

Trump has put in place a 145% tariff on all Chinese imports, causing some companies to halt shipments to the U.S. from China or consider significant price increases. <\/p>\n\n\n\n

\u201cWhen you say strollers are going up, what kind of a thing? I\u2019m saying that gasoline is going down. Gasoline is thousands of times more important than a stroller or something else,\u201d Trump said in an interview Sunday on NBC\u2019s “Meet the Press.” <\/p>\n\n\n\n

\u201cI don\u2019t think that a beautiful baby girl needs \u2014 that\u2019s 11 years old \u2014 needs to have 30 dolls. I think they can have three dolls or four dolls because what we were doing with China was just unbelievable. We had a trade deficit of hundreds of billions of dollars with China,\u201d Trump said on “Meet the Press. “<\/p>\n\n\n\n

\u201cI\u2019m saying they don\u2019t need to have 30 dolls,\u201d he added.<\/p>\n\n\n\n

Nbcnews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Luxury British carmakers like Rolls-Royce, Range Rover and Aston Martin will be getting a tariff reprieve under the outlines of a trade agreement President Donald Trump announced Thursday while doubling down on his threats to continue tariffs on toys.  Shortly after announcing he would reduce the tariff on British cars to 10%, from 27.5%, Trump said he would keep […]<\/p>\n","protected":false},"author":7,"featured_media":42051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[33222,33221,33223,1230],"class_list":["post-42050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-luxury-cars","tag-rolls-royce","tag-tariff-reductions","tag-trump"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/42050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42050"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/42050\/revisions"}],"predecessor-version":[{"id":42052,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/42050\/revisions\/42052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/42051"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}