Trump’s $1.1 Billion Tax Hike on Toys and Games

“”The U.S. is our least trustworthy trading partner right now—and I say that as an American,” Price Johnson, COO of Cephalofair Games, told Reason last month. “I can’t trust what the policy is going to be tomorrow, let alone next week.”

The Yale Budget Lab estimates that Trump’s tariffs will cost the average American household around $1,700 this year.”

https://reason.com/2025/11/28/trumps-1-1-billion-tax-hike-on-toys-and-games/

Knitters Need Free Trade: Trump’s Tariffs Are Making Crafting Supplies Harder To Get

“From knitting needles to garment fabric to bottles of paint, American crafters work with many materials produced abroad. That has left them particularly vulnerable
to Trump’s trade war. Imports from Europe currently face tariffs of 15 percent, and while sky-high tariffs on China are currently subject to a 90-day pause, they still stand at 57.6 percent, according to the Peterson Institute for International Economics. Worse still, Trump has done away with the de minimis exemption, which allowed goods valued at under $800 to enter the U.S. tariff-free.

Exclusively stocking U.S.-produced materials isn’t an option for most craft stores. “Tariffs impact American-made yarns as well,” pointed out Fibre Space, a yarn store in Alexandria, Virginia. That’s because “American-made goods still rely on materials made in other countries.” Yarn “is an agricultural product,” observes Chadwell, “so certain crops and certain livestock produce the best fiber in very specific climates that aren’t necessarily” found in the United States. Meanwhile, “needles, notions, doodads, [and] bags…can only be produced at much higher prices” here.

Tariffs prevent all sorts of voluntary transactions that shape lives and culture in big—and often inconspicuous—ways. That means shops that won’t be started, gifts that won’t be made by hand, and hobbies that won’t be taken up. And more immediately, tariffs are punishing business owners who want to help Americans fill their lives with more creativity.”

https://reason.com/2025/11/30/knitters-need-free-trade/

The BRICS Prepare the BIGGEST ATTACK on the DOLLAR at its Most FRAGILE Moment: “Brics Pay”

The BRICS Prepare the BIGGEST ATTACK on the DOLLAR at its Most FRAGILE Moment: “Brics Pay”

Brics Pay would allow countries to trade in their own dollars rather than needing the U.S. Dollar. It’s still being set up.

https://www.youtube.com/watch?v=oOg7aYeV5eM

The Wolf-Krugman Exchange: Trump’s ‘vibecession’ | FT Podcasts

Tariffs degrade long run efficiency, but uncertainty caused by Trump’s erratic use of tariffs has a greater negative effect on the economy in the short term.

https://www.youtube.com/watch?v=iEPXbtFx8v4

Trump’s been played by Xi in China deal | Justin Wolfers

Trump’s deal with China has made things less bad than they were before the meeting, but they are still way worse than they were before Trump engaged in a trade war with China.

https://www.youtube.com/watch?v=Dr-gB3BNykQ

Trump’s Tariff Chaos Crushes Board Game Makers: ‘The U.S. Is Our Least Trustworthy Trading Partner’

“Board game makers have been hit particularly hard by Trump’s tariffs, which have raised the cost of importing just about everything. Cephalofair is based in California, but like many other businesses in the industry, Johnson’s company relies on contractors in China and Vietnam to make the tokens, pawns, cards, and other physical elements of its games.

Manufacturing all those parts in the U.S. is not possible if game companies want their products to be competitively priced. With high tariffs in place, the costs compound quickly. Nathan McNair, the co-owner of Pandasaurus Games, broke down the math in a post on his company’s website. The added cost of the tariffs makes every step more complicated, from design to sales, and can even change what games a company chooses to make in the first place. “This has not just squeezed our margin; this has substantially increased our risk,” he concluded.

Trump’s tariffs have already stung Cephalofair in several ways.

for businesses like Johnson’s, which can’t afford to risk the possibility of being hit with a massive tariff bill just because a shipment arrives at the wrong time.

Instead, those businesses will do what Johnson has done: Delay orders, slow production, and hope more stability emerges.”

https://reason.com/2025/10/31/trumps-tariff-chaos-crushes-board-game-makers-the-u-s-is-our-least-trustworthy-trading-partner/

Trump Says Tariffs Are About National Security. Pentagon Officials Say They Need a Tariff Exemption.

“the “national security” argument clearly has been foundational to Trump’s trade policies. Higher tariffs will make America’s military more self-sufficient and capable against future threats; that’s the White House’s point of view.

One problem: that’s not how the people actually in charge of America’s national security see it.

“The Defense Department routinely acquires items and materials from foreign sources indispensable to meet defense needs that are not readily available or produced in sufficient quantities within the United States,” wrote John Tanaglia, director of pricing, contracting, and acquisitions for the Pentagon, in a memo dated August 25.

The memo instructs other officials at the Pentagon to provide “duty-free entry certificates” to military purchases that would otherwise be subject to tariffs. Doing so, the memo explains, will “maximize the Department’s budget to meet warfighter needs.”

First and foremost, that’s yet more proof that tariffs are raising costs for American purchasers of foreign goods. And it is true, of course, that Trump’s tariffs are straining budgets everywhere. Being able to ignore those costs must be nice—many, many businesses across the United States surely wish they had the power to simply wave away those costs as easily as the Pentagon apparently can.”

https://reason.com/2025/10/15/trump-says-tariffs-are-about-national-security-pentagon-officials-say-they-need-a-tariff-exemption/

Is China Beating Trump?

China’s stranglehold on the supply of rare earths is damaging America’s ability to build military equipment and commercial cars. So far, Trump’s trade war on China is costly with little to no reward.

https://www.youtube.com/watch?v=aXd0dTfc2Pk

Trump Nervous As China Strikes Back | Jostein Hauge | TMR

One reason the U.S. is behind China in rare earth metals is that China can tell companies what to do for the good of the country, while Congress and presidents have allowed companies to chase short-term profits at the expense of the country.

https://www.youtube.com/watch?v=zNrMWJiJ3sc