In a recent interview, President Trump reiterated his stance on the U.S.-China trade deficit, claiming that American children can be content with fewer toys, such as fewer dolls, rather than excessive imports from China. He emphasized that the trade imbalance has resulted in unnecessary spending on what he termed 'junk'. Trump's administration previously increased tariffs on Chinese imports significantly, aiming to address this deficit. He clarifies that he is not predicting shortages but advocates for reduced consumption of foreign goods to rectify economic imbalance.
"I think they can have three dolls or four dolls because what we were doing with China was just unbelievable. We had a trade deficit of hundreds of billions of dollars with China."
"I'm just saying they don't need to have 30 dolls. They can have three. They don't need to have 250 pencils. They can have five."
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