No Toys for Christmas? The tariffs are prompting an association to suggest parents buy toys for Christmas very soon. The CEO of the Toy Association told the “New York Times” earlier this week that, because of tariffs, the industry is facing "a frozen supply chain that is putting Christmas at risk." Yesterday, it even appeared that President Trump acknowledged that. He told reporters after a cabinet meeting, "maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more." China produces 80-percent of toys sold in the U.S. and 90-percent of all Christmas goods.