Wed, 05 Feb 2025

Wed, 05 Feb 2025 Mattel says Barbies and Hot Wheels could soon get more expensive under Trump's tariffs

Some retailers are looking to pass on the cost of tariffs to their suppliers, but are also considering increasing prices to avoid lower profits.

* Mattel may raise prices for toys like Barbie and Hot Wheels due to new tariffs imposed by President Trump.
* The company plans to move its supply chain to mitigate the impact of tariffs but is considering price hikes as an option.
* Tariffs on Chinese goods will likely lead to price increases for consumers, with 80% of toy industry goods sourced from China.
* Mattel has a diversified supply chain and sources 40% of its business outside North America, where tariffs are not imposed in the same way.
* The company expects sourcing from Mexico and China to decrease to over 25% of global production by 2027.
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