Mattel may hike prices for Barbie, Hot Wheels and other toys after Trump tariffs
CBSN
President Trump's move to tack an additional 10% tariff on U.S. imports from China could lead Mattel to hike the price of its Barbie, Hot Wheels and other toys.
Mattel Chief Financial Officer Anthony DiSilvestro said in an earnings call with Wall Street analysts on Tuesday that roughly 40% of the company's toys are made in China, while noting that is less than the industry average of 80%. Overall, the fresh U.S. levies on Chinese good affect about 20% of Mattel's global production.
"Against the tariff, we have a range of mitigating actions," including "potential price increases," he said.
Sporting gloves and a red ribbon to ward off evil, Ecuadoran police raiding a drug den apprehensively inspect an altar to Santa Muerte -- a Mexican "death saint" adopted by local gangs as their own talisman.
One person was dead and five others wounded in a "targeted" shooting in a warehouse in a Columbus, Ohio suburb late Tuesday night, authorities said.
Elon Musk's Department of Government Efficiency team has been given "read only" access to the Treasury Department's federal payment system, and federal expenditures have not been affected, the Treasury said in a letter to Congress late Tuesday.
A load of eggs worth about $40,000 was stolen from the back of a trailer in Pennsylvania over the weekend amid rising egg costs across the U.S.
Washington — The Senate on Tuesday confirmed Pam Bondi as attorney general, installing a key ally of President Trump's to take the helm of the Justice Department.
Washington — All overseas missions for the U.S. Agency for International Development, or USAID, have been ordered to shut down and all staff will be recalled by Friday, multiple sources confirmed to CBS News.
The vice presidency may have taken JD Vance out of the Senate, but his brief service there has turned out to be instrumental in the early weeks of the Trump administration.
President Trump has said part of his motivation for imposing now-paused tariffs on Canada was to force the country to crack down on illicit fentanyl trafficking — but very little of the synthetic opioid enters the U.S. through its northern border.
Billionaire Elon Musk is categorized as a "special government employee" through his work with the Department of Government Efficiency, or DOGE, a cost-cutting initiative created by President Trump to find ways to trim federal spending.
Washington — A group of transgender minors and their families filed a lawsuit on Tuesday that challenges President Trump's executive action restricting access to gender-affirming care for people under the age of 19.
President Trump and Israeli Prime Minister Bibi Netanyahu are meeting at the White House and holding a joint press conference Tuesday, the first foreign leader visit of Mr. Trump's second term.
Washington — The U.S. Senate on Tuesday confirmed Doug Collins as secretary of veterans affairs, putting the former congressman and Iraq War veteran at the helm of a department that provides crucial care to America's veterans.