US President Donald Trump’s tariffs on Chinese goods are affecting everyone – even the sex toy industry.
While the state of Trump’s tariffs is hard to keep up with, the 47th US president has imposed a whopping 145% tariff on certain Chinese goods.
Trump has provided exemptions on Chinese-made smartphones, laptops, and other electronics but was quick to say that these exemptions would be short-lived.
Do you know what’s not exempt from Trump’s tariffs?
Sex toys.
The sex toy market is forecast to reach roughly $62 billion by 2030, with vibrators dominating revenue share, Research and Markets reveals.
However, Trump tariffs will most likely stifle this growth, forcing many sex toy brands out of business.
Brands like Dame, Unbound, and Vibratex are already feeling the strain of these tariffs and are concerned for their companies' future, Wired, who first reported the story, reveals.
These tariffs won’t just affect businesses. They’ll also affect customers, who will have to pay top dollar for the same device.
“So far, we’ve already had shipments that incurred a 20 percent increase,” Alex Fine, CEO of Dame, told WIRED. Fine has been forced to put a $5 Trump surcharge on all orders.
Equally, Polly Rodriguez, CEO of Unbound, told Wired that a sex toy that would’ve cost $30 now costs $44. That’s almost a 47% increase.
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