Toy makers and stores are freezing holiday orders, predicting shortages and higher prices. Some are consulting bankruptcy lawyers, fearing their firms won’t survive.

The New York Times is reporting that major American manufacturers and retailers are pausing orders for the winter holidays amid skyrocketing costs from President Trump’s tariffs. Learning Resources CEO Rick Woldenberg joins Chris Jansing to discuss the impact the tariffs have on the toy industry.

Retailers are worried about the impact that President Donald Trump’s unpredictable tariff policy will have on their supply for the holiday season. Toy suppliers, children’s shops, and similar retailers have paused orders for the winter holidays as companies cannot predict whether Trump’s 145% tariff on China will remain,