Consider This from NPR Raising kids is costly; Tariffs will make it even more expensive
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Apr 17, 2025 Raising a child in the U.S. could cost a staggering $320,000, with expenses for childcare, food, and education rising even higher due to current tariff policies. Tariffs on juvenile products are soaring at 145%, potentially making essential items less accessible. Industry leaders express worry about supply chain issues and the impact on small businesses. The podcast delves into how these financial pressures could further strain American families amid decreasing birth rates and the challenges of maintaining innovation in the juvenile product market.
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Tariffs Increase Parenting Costs
- Raising a child in the U.S. can cost a middle-class family close to $320,000 over 17 years after adjusting for inflation.
- Tariffs on products essential for raising children will increase these already high costs further.
CEO's Tariff Impact Experience
- Stephen Dunn explains his company's halt on orders from China due to 145% tariffs.
- He warns this could lead to product shortages and impact families reliant on these items.
Tariffs Threaten Juvenile Industry
- The juvenile product industry cannot absorb high tariffs and cannot pass them onto parents.
- Low birth rates and increased parenting costs will worsen if tariffs continue without solutions.