Many companies are rushing to stock up and insulate themselves from likely higher import duties under Donald Trump's second presidency.

Madison Ventures+ managing director Mitch Roschelle analyzes how President-elect Donald Trump’s tariffs could impact car manufacturers during an appearance on 'Fox News Live.'

Analysts that look at the potential impacts of a tariff on imported automobiles argue it's only a temporary fix to a larger issue, while pushing up the price on consumers as foreign companies raise their prices in response to the tax.

Trump takes office January 20, and has threatened to quickly hit products from Canada and Mexico with 25% tariffs unless they take decisive action to curb migration and drugs. Economists and political leaders are warning that such tariffs could send consumer prices in this country soaring..

Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.

As more customers turn to cheaper online outlets, small toy stores are a vanishing business along with the in-store experience.

Nearly 80 percent of U.S. toys are manufactured in China, one of the countries the president-elect has threatened to target with immediate charges on imports

President-elect Donald Trump is vowing to slap heavy tariffs on all foreign-made goods once he reassumes the presidency next year, and some retailers are warning that could be bad news for children who are expecting their favorite toys next Christmas.

If President-elect Donald Trump follows through on his threat of imposing new tariffs on Mexico, Canada and China, it could have major repercussions for the U.S. toy industry. Kelly O'Grady explains.