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Trump Tariffs Raise Baby Product Prices, Cost Ford $1.5 Billion, Mitsubishi Hikes US Prices, Vehicle Sales May Drop 3-6%

10 posts • GPT (4.1 mini)

Updated May 10, 2025, 04:53 AM

President Donald Trump's tariffs on Chinese goods, which took effect on April 9, 2025, are causing price increases and potential shortages in essential baby products such as strollers, car seats, cribs, and toys. New parents are expected to face higher costs for these items as a result. The automotive industry is also experiencing financial strain, with companies like Ford estimating that the tariffs will cost them around $1.5 billion in 2025. Mitsubishi Motors has announced plans to raise prices in the U.S. market, becoming the first Japanese automaker to do so in response to the tariffs. Industry analysts project that the tariffs could reduce total new vehicle sales by 3 to 6 percent, leading automakers to reconsider their financial guidance for the year. The tariffs have prompted some manufacturers to explore shifting production to North America to mitigate the impact. Despite exemptions introduced to ease the burden, the tariffs continue to pressure carmakers' profits and consumer prices in the U.S.

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#Donald Trump #Chinese #Ford #Mitsubishi Motors #Japanese #North America

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Sources

cbsnews.com(2)autonews.com(2)asia.nikkei.com(2)nytimes.com

CBS News Miami

@CBSMiami

President Trump's tariffs are making it a lot more expensive to have kids, parents and baby gear makers say. https://t.co/6JW6qMZgN5

Tammy Duckworth

@SenDuckworth

As if being a new parent wasn’t already tough enough, Trump’s tariffs are making the cost of trollers, cribs, car seats and toys skyrocket. Families deserve better. https://t.co/kDNvqUAR3M

Automotive News

@Automotive_News

Overall, automakers are pulling their financial guidance for the year and tariffs are expected to dent total new vehicle sales by 3 to 6 percent, according to a new analysis from Washington nonprofit Resources for The Future. https://t.co/fC46Q2mOUI https://t.co/ne4Qkmdywa