Mattel Inc., the maker of Barbie dolls, Hot Wheels cars and other popular toys, said on Monday that it would have to raise prices for some products sold in the US “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.
