The Street: Tariffs will devastate this entire industry

The toy market was worth $114.4 billion in 2024, according to a report from Research and Markets, and it’s forecasted to nearly double by 2034, reaching $203.1 billion.

However, the tariffs pose a roadblock to that plan. The reason is simple: nearly 80% of toys imported into the United States come from China. That leaves toymakers with some difficult options: absorb the costs of the imports, or pass them on to the consumer.

MGA Entertainment is the largest privately held toy manufacturer in the U.S. and is the brand behind many of the popular toys you see on store shelves, including Bratz, L.O.L. Surprise, and Little Tikes. But thanks to the tariffs, CEO Issac Larian is facing some hard decisions.

“Frankly, if these tariffs do not go away, we have no choice but to do layoffs,” he said in an interview with Retail Dive.

Large toy companies are being affected as well. Mattel announced in March that it would lay off about 35% of its manufacturing workforce. 

https://www.msn.com/en-us/money/markets/tariffs-will-devastate-this-entire-industry/ar-AA1EfMvd

USA Today: How will Trump’s tariffs affect grocery store prices? We explain.

“The short answer is yes, prices are going to go up,” said David Ortega, a food economist and professor at Michigan State University. “They may not skyrocket for all imported products, but they will go up. Tariffs are a tax on imports, so by definition, they are inflationary.”

While higher tariffs could still be coming after a 90-day-pause, the baseline 10% tariff on all goods, plus higher duties on Chinese products already in effect are a big increase in food costs for American’s budgets, said Thomas Gremillion, director of food policy at The Consumer Federation of America.

“The 10% ‘default’ tariffs alone represent a truly historic federal tax increase, maybe the largest in my lifetime, with a highly regressive impact,” Gremillion said.

https://www.msn.com/en-us/money/markets/how-will-trump-s-tariffs-affect-grocery-store-prices-we-explain/ar-AA1Eco8Y

Dallas Morning News: 2 US citizen children deported to Mexico along with their mother, attorney says

Two U.S. citizen children were deported Wednesday morning to Mexico along with their mother, according to an attorney who has consulted with the family.

Cori Hash, a senior staff attorney with Immigrant Legal Resource Center, told The Dallas Morning News on Wednesday that the family was detained last week near the campus of Dobie Middle School in North Austin.

Texas Department of Public Safety Troopers stopped the family on the morning of Wednesday, April 30, and Immigration and Customs Enforcement detained the man. The woman was not detained but was informed to go to an ICE facility in San Antonio the next day. It’s not clear how many of their children were in the car, Hash said.

The man and woman are not married, Hash said, but have been together several years and have three children together. The children are 8, 5 and 4 years old and the two youngest are U.S. citizens, Hash said. The man was deported on Tuesday. The woman and her three children were deported Wednesday morning, Hash said.

Hash asked that the man and woman not be identified to avoid putting them at risk.

“They had no due process whatsoever,” Hash said. “It just goes to show that this administration feels that it can deport U.S. citizens whenever it wishes and however it wishes.”

https://www.dallasnews.com/news/immigration/2025/05/07/two-us-citizen-children-deported-to-mexico-along-with-their-mother-attorney-says

The Atlantic: Trump’s Inevitable Betrayal of His Supporters

On Sunday, Donald Trump went on TV and told Americans that their children should make do with less. “They don’t need to have 30 dolls; they can have three,” the president said on Meet the Press. “They don’t need to have 250 pencils; they can have five.” Critics were quick to point out the irony of America’s avatar of excess telling others to tighten their belt. But the problem with Trump’s remark goes beyond the optics. It’s that his argument for austerity contradicts his campaign commitments—and exposes the limits of his transactional approach to politics.

Throughout his 2024 run, the president promised Americans a return to the prosperity of his pre-COVID first term. “Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods,” he told a Montana rally in August. “They’ll come down, and they’ll come down fast,” he declared days later in North Carolina. But at the same time, Trump also promised to impose steep tariffs on consumer goods—dubbing tariff one of “the most beautiful words I’ve ever heard”—even though the levies would effectively serve as a tax on everyday Americans.

These two pledges could not be reconciled, and once elected, Trump was forced to choose between them. The results have disillusioned many of those who voted for him. Trump’s approval on the economy has plunged since he announced his “Liberation Day.” A former strength has become a weakness. “If you look at his economic net approval rating in his first term, it was consistently above water,” the CNN analyst Harry Enten noted last month. “It was one of his best issues, and now it’s one of his worst issues.”

https://www.msn.com/en-us/news/opinion/trump-s-inevitable-betrayal-of-his-supporters/ar-AA1EosZ3

The Atlantic: The Disturbing Rise of MAGA Maoism

Trump seems to be ceding the future to China while emulating its past.

China may well come to dominate the next century—because President Donald Trump is taking a page from the most famous Chinese leader of the previous one.

The United States remains the world’s preeminent soft power. It’s a financial and cultural juggernaut, whose entertainment and celebrities bestride the planet. But as an industrial power, the U.S. is not so much at risk of falling behind as it is objectively behind already. A recent essay in the journal Foreign Affairs by Rush Doshi and Kurt Campbell, both China experts who served in the Biden administration, made the case with alarming specificity. China makes 20 times more cement and 13 times more steel than the U.S. It makes more than two-thirds of the world’s electric vehicles, more than three-quarters of its electric batteries, 80 percent of its consumer drones, and 90 percent of its solar panels. China’s shipbuilding capacity is several orders of magnitude larger than America’s, and its navy will be 50 percent larger than the U.S. Navy by 2030.

The Trump administration clearly recognizes the need to rebuild industrial capacity. In its executive order published on “Liberation Day,” the White House suggested that, without high tariffs, America’s “defense-industrial base” is too “dependent on foreign adversaries”—a clear allusion to China.

But …

But Trump’s approach to countering China has been so scattershot, so inept, so face-smackingly absurd, that it sometimes seems like covert policy to destroy America’s reputation. Rather than build a global trading and supply-chain alliance to match the scale of China, we’ve threatened to invade Canada and slapped new tariffs on our European and East Asian allies. Rather than invest in scientific discovery, which is the basis of our technological supremacy, the administration threatens to decimate the National Institutes of Health and the National Science Foundation while attacking major research universities, including Harvard and Columbia. Rather than compete on clean energy, the White House has targeted solar and wind subsidies for destruction. Rather than invest in nuclear power by expanding the Department of Energy’s Loan Programs Office, which provides billion-dollar loan guarantees for nuclear projects, the administration dismissed 60 percent of its staff. Rather than secure our reputation as the world’s premier destination for global talent, we’re driving away foreign students.

https://archive.is/j0lGD#selection-673.0-708.0

Daily News: Trump’s NJ golf courses can still serve liquor even though he’s a felon

Liquor is still allowed at President Donald Trump’s New Jersey golf courses, despite a state law barring felons from serving and profiting from the sale of alcohol.

The state Division of Alcoholic Beverage Control, or ABC, initially opted against renewing liquor licenses for the Trump National Golf Clubs — in Bedminster and Colts Neck — after a New York jury convicted the president in May 2024 on 34 felony counts of falsifying business records. They were related to a hush-money payment to adult film star Stormy Daniels, made in the final stretch of the 2016 presidential election.

There’s one set of laws for the wealthy and privileged, another set of laws for the Little People.

https://www.yahoo.com/news/trump-nj-golf-courses-still-173800805.html

Roll Call: Pardons for friends, retribution for foes

Critics say Trump has Used the Powers of the President in Ways That Raise Alarms

President Donald Trump spent much of the last four years decrying Justice Department prosecutions against him and his supporters, and one of his first executive orders in January said it sought to end the “weaponization of prosecutorial power to upend the democratic process.”

But since then, Trump has used the power of his office for actions that critics and experts say inject politics into federal investigations and prosecutions, such as memorandums last month initiating government investigations into actions of two former officials who have been critical of him.

Trump wiped away the criminal cases of his supporters for the Jan. 6, 2021, attack on the Capitol, and has given pardons for supporters and erstwhile allies. The Justice Department since January has dropped a high-profile criminal case against New York Mayor Eric Adams, and made personnel moves that target employees involved in the investigations of Trump and the criminal probes of rioters.

https://rollcall.com/2025/05/07/pardons-for-friends-retribution-for-foes

Bloomberg: Trump Has Been Stopped By Courts More Than 200 Times

President Donald Trump’s expansive use of executive power faced at least 328 lawsuits as of May 1 — with judges halting his policies far more often than they allowed them.

Courts entered more than 200 orders stopping the administration’s actions in 128 cases, with judges sometimes ruling at multiple stages of the legal fights. Judges had allowed contested policies to go ahead in 43 cases, and hadn’t ruled yet in more than 140 others. Most cases are in the early stages, and new ones are being filed daily.

https://archive.is/zZ9zU#selection-1251.0-1258.0

AFG: Web archivists scrambling to save US public data from deletion

As President Donald Trump’s administration purges public records since storming back to power, experts and volunteers are preserving thousands of web pages and government sites devoted to climate change, health or LGBTQ rights and other issues.

Resources on AIDS prevention and care, weather records, references to ethnic or gender minorities: numerous databases were destroyed or modified after Trump signed an executive order in January declaring diversity, equality and inclusion programs and policies within the federal governmentto be illegal.

More than 3,000 pages from the Centers for Disease Control and Prevention site were taken down and more than 1,000 from the Justice Department’s website, Paul Schroeder, president of the Council of Professional Associations on Federal Statistics, told AFP.

https://www.yahoo.com/news/archivists-scrambling-save-us-public-191322244.html

Mediaite: ‘You Have No Timeline?!’ Senator Gobsmacked by FBI Director Kash Patel Showing Up at Budget Hearing Without a Budget

One of Trump’s least competent sycophants pays Congress a visit:

During a Senate hearing to review the FBI’s FY2026 budget request, Director Kash Patel was forced to admit that, despite the law requiring it, he had no such request ready to review.

This surprising development came during an awkward back-and-forth with Senator Patty Murray (D-WA), the ranking Democrat and Vice Chair of the Senate Appropriations Committee, which oversees and approves budget requests.

Senator Murray reminded the FBI Director that the budget request was legally required “last week,” and after the director responded, she surprisedly added, “And your answer is you just understand you’re not going to follow the law?”

“I am following the law, and I’m working with my interagency partners to do this and get you the budget that you are required to have,” Patel explained. Then the discussion went from bad to worse, culminating in Senator Murray calling Patel’s preparation for the budget hearing, without a budget, “insufficient and deeply disturbing.”

Doh!