MGA Entertainment CEO Isaac Larian says December will raise the cost of his company’s toys.
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“When he says that China is going to pay for the tariffs not the consumer, I call that fake news,” he told FOX Business’ Liz Claman on “The Claman Countdown.” “At the end of the day the U.S. consumer is going to pay for those tariffs, not China.”
President Trump earlier this month proposed a 10 percent tariff on $300 billion of Chinese goods, which are set to go into effect on Sept. 1. The president also delayed new tariffs on Chinese-made goods, including cell phones and toys to Dec. 15.
Larian said if the tariffs go into effect, it’s going to disrupt the toy business and