Overview

• President Trump’s ‘doll analogy’ linking tariff sacrifices to economic self-reliance has drawn criticism from GOP lawmakers and industry leaders.
• Vice President JD Vance expanded on the analogy, emphasizing the need for American-made pharmaceuticals and weapons in scenarios like war or drug shortages.
• Mattel announced price hikes on U.S. toys, citing increased costs tied to tariffs, fueling concerns about immediate consumer impacts.
• Pharmaceutical imports have spiked ahead of a White House decision on imposing tariffs on medicines, expected within two weeks.
• U.S.-China trade talks remain stalled, with upcoming meetings in Switzerland offering a potential path forward but no substantive negotiations yet underway.