Merry Xmas: Mattel To Hike Toy Prices Due To Tariffs

The Associated Press reports:

Mattel Inc., the maker of Barbie dolls, Hot Wheels cars and other popular toys, said Monday that it would have to raise prices for some products sold in the U.S. “where necessary” to offset higher costs related to President Donald Trump’s tariffs.

The El Segundo, California-based company said the increases are necessary even though it is speeding up its plans to diversify its manufacturing base away from China. Trump imposed a 145% tariff on most Chinese-made products.

Citing the ongoing uncertainty surrounding the president’s trade policies, however, Mattel withdrew its annual earnings forecast on Monday. The company said it would be “difficult to predict” consumer spending and the company’s U.S. sales for the remainder of the year without more information.

Read the full article.

Trump: “I don’t think a beautiful baby girl that’s 11 years old needs to have 30 dolls. I think they can have three dolls or four dolls … they don’t need to have 250 pencils. They can have five.”

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— Aaron Rupar (@atrupar.com) May 4, 2025 at 10:08 AM