Tariffs could make for a not-so-merry Christmas

87% of Christmas decorations come from China.

Transcript

00:00While consumers might be the biggest losers of the ongoing trade war between the U.S.

00:03and China, there might be one clear winner, the Grinch.

00:07Chinese producers of plastic Christmas trees and decorations say U.S. orders normally start

00:11to come in by now, but they haven't received any.

00:14Eighty-seven percent of Christmas decorations sold by U.S. retailers are made in China,

00:19and those products are worth roughly $4 billion, and from China's standpoint, about half

00:23of what Chinese factories produce are sold to the U.S. market.

00:26Making matters worse, U.S. retailers can't even rely on its number two destination for

00:31Christmas goods.

00:32That rank belongs to Cambodia, which makes 5.5 percent of the holiday cheer.

00:36But Trump has imposed a 49 percent tariff on all Cambodian imports.

00:41That'll do it for your daily briefing.

00:43From New York City, I'm Lauren Torres with The Street.