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 ...
Mattel is looking at potentially upping toy prices as part of its efforts to mitigate President Donald Trump’s tariffs on imports from China, Mexico and Canada. Over the past weekend ...
Mattel shares surged more than 15% after the toy giant said it’s weighing price increases for Barbie and other iconic brands because of President Trump’s tariffs on Chinese goods. The El ...
with China expected to represent less than 40% of global production for Mattel toys. The U.S. represents about half of Mattel’s global toy sales, so “our tariff exposure in the U.S. related to ...
DiSilvestro highlighted that Mattel operates manufacturing facilities across seven countries, with China expected to account for less than 40 per cent of the company’s total toy production this year.
Mattel says it plans to raise toy prices and move production to counter the tariffs on Chinese products implemented by President Donald Trump. The new 10% tariffs on China went into effect this week.
The move comes as Trump imposed sweeping tariffs on China, Mexico and Canada on Saturday, which Mattel aims to mitigate through supply chain optimization and potential price increases on its toys.
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 ...
Mattel Chief Financial Officer Anthony DiSilvestro issued a blunt warning over the impact tax hikes would have on the company, which manufactures 40 percent of its toys in China and roughly ...