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International Business Times

Business

Carla St. Louis

Mattel Warns It Needs To Raise Toy Prices Due To Tariffs

Mattel Donald Trump China Barbie

Barbie dolls, a brand owned by Mattel, are seen at the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. (Credit: Reuters / ANDREW KELLY)

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.

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