Trump says trade policies may mean children have fewer toys that cost more

President Trump appeared on Wednesday to acknowledge that his high tariffs on China may lead to fewer goods on shelves and at higher prices.

As economists warn that Mr. Trump's tariffs on Chinese imports will disrupt the supply chain and lead to higher prices, Mr. Trump insisted the real pain is being shouldered by China, while recognizing consumers may see fewer toys on shelves and at slightly higher prices for a while. Speaking during a Cabinet meeting at the White House, the president said Americans don't need most many of the goods coming from China. 

"I told you before, they're having tremendous difficulty because their factories are not doing business," the president said of China. "They made a trillion dollars with Biden, a trillion dollars, even a trillion one with Biden, selling us stuff, much of it we don't need. You know, somebody said, 'Oh, the shelves are going to be open.' Well, maybe the children will have two dolls instead of 30 dolls, you know? And maybe the two dolls will cost a couple of bucks more than they would normally. But we're not talking about something that we have to go out of our way. They have ships that are loaded up with stuff, much of which, not all of it, but much of which we don't need."