Overview

• President Trump’s reciprocal tariff policy has drawn criticism for its economic impact, with rising consumer costs and strained supply chains.
• Vice President JD Vance defended Trump’s controversial ‘dolls’ analogy, framing reduced consumer goods as necessary for self-reliance in pharmaceuticals and defense manufacturing.
• Mattel announced price hikes on toys due to increased costs linked to tariffs, highlighting the immediate effects on American consumers.
• Pharmaceutical imports have surged ahead of Trump’s upcoming decision on drug tariffs, expected within the next two weeks.
• U.S.-China trade negotiations remain stalled, with top officials set to meet in Switzerland, as the administration faces bipartisan and industry pushback.