Following a series of high-profile toy recalls and international criticism over China's export standards, the the cost of merchandise bearing the "Made in China" is expected to rise at least 10% in the next year, the LA Times reports. "For American consumers, the big China sale over the last 20 years is over," says one economist.
Increases, which will cut across the market from toys to the frozen foods, probably won't kick in before the Christmas season, since those orders are already in, and it's unclear how much will be absorbed by retailers, and how much passed on directly to consumers. "I don't think we have a choice. A product is either safe or unsafe," says Costco CEO James Sinegal.