President Trump acknowledges that his tariffs could result in fewer goods and more expensive toys this Christmas. Even as he vehemently defends his trade policy, the president admitted there could be supply problems come the holidays and dolls could cost more. White House deputy chief of staff Stephen Miller tried to defend the president’s comment, arguing that people would be willing to pay more for American-made products. Despite White House assurances about the tariffs, there’s a cloud of economic uncertainty hanging over retailers and consumers alike.