President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might "have two dolls instead of 30 dolls," but he insisted China will suffer more from his trade war.

President Trump appeared on Wednesday to acknowledge that his high tariffs on China may lead to fewer goods on shelves and at higher prices. As economists warn that Mr. Trump's tariffs on Chinese imports will disrupt the supply chain and lead to higher prices,