Donald Trump US President, has always talked about strictness in trade policies. The intention of imposing heavy taxes on their tariff plans, especially the goods coming from China, can shake the economy around the world. Now you must be wondering what to do with children's toys, such as Hot Wheels? But the truth is that these small toy vehicles, which are mostly made in China, can be expensive than tariffs. This toy of children's favorite can also be overwhelming on parents' pockets.
Tariff means tax imposed on imported goods. Trump has said that he can impose tariffs from 10% to 60% on goods coming from China. Now a toy like Hot Wheels, which is the happiness of children at cheap prices, is made in the factories of China. There wages are cheap, and the speed of production also faster. But if there is a tariff, then these small vehicles will become expensive by reaching America. What then, seeing their price in shops, the forehead of parents can be stunned!
The effect of increasing the price of Hot Wheels will not stop only the stubbornness of children. This entire toy market will be shaken. Mattal, which makes Hot Wheels, is already struggling with the difficulties of the supply chain. If the cost will increase with the tariff, then the company will have two ways - or reduce their earnings, or increase the price of toys. Now why will a company get its pocket cut? Obviously, prices will increase, and this burden will finally fall on common people like us.
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This tariff game will not only affect the prices, but also the relations of the countries. If China imposes counter tariffs, then the farmers and tech companies of America may be in trouble. This trade war will harm people on both sides. And yes, small things like Hot Wheels will also get stuck in this big game. Think, a small toy can be a part of such a big issue!
Now the matter of consumers. If the hot wheels are expensive, then the parents will get into thinking. Some will find cheaper brands, some will buy local toys. But to be honest, it is not easy to make cheap and good toy like Hot Wheels in America. Wages are expensive there, and factories are also less. outcome? Either spend more money, or get children less toys. Children will still insist, but the pockets of my parents will be loose.
One more thing, tariff can also affect the environment. If the production takes the production Vietnam or elsewhere to avoid mantle tariffs, then new factories will be built, trucks will run, and carbon emissions will increase. And if people start buying cheap but inferior toys, then plastic waste will increase further. Hot Wheels are still slightly durable, but the rest of the cheap toys break quickly and go into the garbage.
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Supporters of Trump say that the tariffs of America will be again buzzing, jobs will increase. But for toys like Hot Wheels, this thing looks like air-air. Machines are used more to make toys, and cheap production in America is not possible. On the contrary, things will be expensive by tariffs, and middle class families will have to loose pockets. Parents have been renounced before for the happiness of children, but now it may become more difficult.
So overall, Trump's tariff policies may start with great purpose, but they will also affect small things like Hot Wheels. Prices will increase, supply chains will be upheaval, and even small happiness of children will become expensive. It shows how complex the world's business is. The decision of a country can touch the pocket of a child sitting far away. If you go to buy hot wheels next time, then you might remember this!