LOS ANGELES — President Donald Trump’s trade war with China could hit toy stores the hardest as they begin ordering for the holiday season.
The vast majority of toys sold in the United States are made in China, and many of the toy stores that remain are small businesses.
As the owner of the oldest toy store in Los Angeles, Don Kipper has weathered quite a few storms, but when it comes to tariffs, he said: "This is crazy. This is like nothing we've seen before."
Kipper's father started Kip’s Toyland 80 years ago, but with Trump raising tariffs on Chinese imports to 145%, their costs could soon soar.
"I got an email from one of our suppliers and said they had to, at the beginning of April, increase their prices 10%, and the end of April, they're going to go up an additional 25%," Kipper

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