A Toy Manufacturer Explains How Trump’s Tariffs Could Crush His Industry

In the past three weeks, we've spoken to economists about the tariffs. We’ve spoken to a historian about the Smoot-Hawley Tariff Act and the 100-year legacy of American protectionism. We've spoken to supply chain expert Jason Miller from Michigan State about why China is set up to win the upcoming trade war. But the voice we haven’t heard is the voice of business. People who run companies are screaming at whoever will listen that the White House agenda will decimate business and plunge their industries into a recession. Today’s guest is Molson Hart. He’s run a manufacturing business in the U.S. for the last 15 years. His company, Viahart, manufactures consumer products in China, Indonesia, and Vietnam and sells them both in stores and online—mostly in the U.S. His biggest vertical is toys, including Brain Flakes, which are molded plastic disks that kids and adults can snap together to build things. This is not a bleeding-heart lefty. Quite the opposite: This is a guy who is rooting for the Trump agenda to succeed. This is a guy who told me in our interview he wants to believe that the Trump team has its heart in the right place when it comes to bringing back manufacturing in the long run. And yet he has called these tariffs not just a bad idea … but the worst economic policy in American history. I spoke to him this week, and he was just incredibly compelling and thoughtful about the toy industry, why it’s so difficult to bring back American manufacturing quickly, and how these tariffs could do incredible damage to America’s small businesses. So we’ve decided to rush out this interview a little sooner than we intended, in part because it’s great and in part because this news story is moving so quickly, it’s hard to know what reality will even look like next week. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Molson Hart Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices