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.
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