The cost of raising your children is about to go higher if they haven't already – thanks to President Trump's trade war with China.
US tariffs on Made-in-China goods weigh on manufacturers of range of kiddie equipment, from cots to toys – with some popular items already seeing price increases, sources said.
New parents may be among the hardest hit because critical baby products, including cots, high chairs, strollers and toys now cost as much as 25 percent more than they did a year ago, sources said.
And while the toy industry is largely tracking down tariffs to get started on December 15, thousands of toy-related products – including bicycles, clothing, children's jewelry and crafts ̵[ads1]1; are already being taxed, sources said.
While companies try hard to absorb the extra costs to keep consumers happy, they are often forced to increase. Manufacturers of baby products, for example, have absorbed a 20 percent tariff over the past year and are set to see the tax go up to 30 percent by December, explained Joseph Shamie, president of Brooklyn-based Delta Children, which does more than 1,000 things for babies.
As a result, Delta's Westminster crib convertible now costs $ 219, up from around $ 179 last year, Shamie told The Post. Some of Delta's bassinets also cost as much as 10 percent more now, such as the Deluxe Moses line, which sells for $ 129.99.
The company's cribs, many of which are sold in Walmart and Costco, cost an average of $ 200 – but next time the price could go up to as much as $ 300, Delta warned in a letter to the US Commerce Department, arguing that baby products should be exempt from duty.
"In practice, the tariffs have imposed a tax on babies," Sa Shamie said.
Parents can also expect to see price increases on dolls and other toys starting in March – thanks to the 10 percent tariffs intended to hit the toy industry Dec. 15, industry experts said
has been worse, with toy manufacturers initially stiffening the 10 percent tariff to kick in on September 1, which would have raised prices just in time for Christmas, with President Trump pushing them to December. last minute in an attempt to prevent holiday price increases on popular consumer goods.
However, not all toy manufacturers benefited from Trump's first Christmas gift, with about 15 percent of toy-related products already struggling with taxes in China because they fall into categories that fell through the cracks, including accessories and ornaments.
The Simply Sweet Unicorn DIY Makeup Kit and Simply Sweet Be Magical Bath Bomb, for example, has been burdened by a 25 percent rate since June that will go up to 30 percent in October, according to Allen Ashkenazi, executive vice president of family-owned Almar Sales Co., which sells fashion accessories, toys and beauty products aimed at children.
Resellers refuse to accept price increases, but the tariffs force Almar to beat prices on its site, Ashkenazi said. The makeup kits, which now sell for $ 10, will start selling for $ 12.99 as soon as October, while children's bath balls, which hide small trinkets inside, will start selling for $ 19.99 – up from $ 12.99.
And while most Halloween retailers say they work hard to keep costs stable despite stiff tariffs, a popular Halloween costume for dogs – the "Barktoberfest" leaderhosen costume – now costs $ 4 more than it did for just a month ago, thanks to the trade war.
A month ago, the costume was $ 16, ”Allison Albert, founder of Pet Krewe told The Post.