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Today, Explained

The two dolls economy

06 May 2025

Description

Shortages are on the way. President Trump says children must live with fewer dolls and the rest of us have to adapt, too. This episode was produced by Miles Bryan, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Noel King. Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. Transcript at vox.com/today-explained-podcast. Realistic silicone dolls on display during the World Doll Day show in CA. Photo by Tayfun Coskun/Anadolu via Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Audio
Transcription

Full Episode

2.096 - 10.883 Noel King

President Trump was put on the spot last week when a reporter asked whether Americans should expect shortages as a result of his trade war. He gave a classic off-the-cuff answer.

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10.963 - 16.987 Narrator/Reporter

You know, somebody said, oh, the shelves are going to be open. Well, maybe the children will have $2 instead of $30, you know?

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17.608 - 21.05 Noel King

Then he had some time to think about it further and decided he's right.

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21.371 - 28.416 Donald Trump

I don't think a beautiful baby girl that's 11 years old needs to have... 30 dolls.

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28.636 - 31.178 Noel King

Here he is on NBC's Meet the Press with Kristen Welker.

31.258 - 37.904 Kristen Welker

You say they could have three dolls instead of 30 dolls. Are you saying Americans could see empty store shelves?

38.144 - 45.571 Donald Trump

No, I'm not saying that. I'm just saying they don't need to have 30 dolls. They can have three. They don't need to have 250 pencils. They can have five.

45.811 - 58.596 Noel King

wild. Economists say if you look at what's coming into the U.S. on ships from China, shortages are nearly guaranteed. Shortages of what, though, other than dolls and pencils? Answers to come on Today Explained.

61.001 - 80.478 Kenny Beecham

What's up, y'all? It's Kenny Beecham. We are currently watching the best playoff basketball since I can't even remember when. This is what we've been waiting for all season long. And on my show, Small Ball, I'll be breaking down the series matchups, major performances, in-game coaching decisions, and game strategy and so much more for the most exciting time of the NBA calendar.

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