Treasury Secretary Scott Bessent suggested Wednesday the Trump administration could exempt tariffs for baby products—though President Donald Trump was noncommittal about the idea—as reports suggest essential items for children like strollers and car seats face price hikes and possible shortages as a result of Trump’s sky-high tariffs on Chinese goods.
Read the full story on Forbes: https://www.forbes.com/sites/alisondurkee/2025/05/07/will-trump-cancel-tariffs-on-baby-products-bessent-suggests-its-under-consideration-but-president-isnt-so-sure/
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Read the full story on Forbes: https://www.forbes.com/sites/alisondurkee/2025/05/07/will-trump-cancel-tariffs-on-baby-products-bessent-suggests-its-under-consideration-but-president-isnt-so-sure/
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NewsTranscript
00:00Will Trump cancel tariffs on baby products?
00:03The Treasury Secretary suggested the Trump administration could exempt tariffs for baby
00:08products as a report suggests essential items for children like strollers or car seats face
00:14price hikes and potential shortages. Trump was asked about a potential baby product exemption
00:19in which he said, quote, I don't know, but he added he would think about it. He suggested he
00:24wasn't thrilled about the idea, saying he wanted to make his tariff policy simple and is, quote,
00:30not looking to have so many exemptions. Read more at Forbes.com.