{"id":4129,"date":"2025-02-05T20:32:08","date_gmt":"2025-02-05T20:32:08","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/mattel-may-hike-prices-for-barbie-hot-wheels-and-other-toys-after-trump-tariffs\/"},"modified":"2025-02-05T20:32:08","modified_gmt":"2025-02-05T20:32:08","slug":"mattel-may-hike-prices-for-barbie-hot-wheels-and-other-toys-after-trump-tariffs","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/mattel-may-hike-prices-for-barbie-hot-wheels-and-other-toys-after-trump-tariffs\/","title":{"rendered":"Mattel may hike prices for Barbie, Hot Wheels and other toys after Trump tariffs"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"china-retaliates-trumps-tariffs-with-tariffs-of-their-own-on-u-s-exports--hero\" title=\"Video: China retaliates Trump's tariffs with tariffs of their own on U.S. exports\" data-sort-time=\"1738719793000\" data-update-time=\"1738719793000\"><\/iframe><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/texas\/video\/china-retaliates-trumps-tariffs-with-tariffs-of-their-own-on-u-s-exports\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">China retaliates Trump&#8217;s tariffs with tariffs of their own on U.S. exports<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">01:58<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>President Trump&#8217;s move to tack an additional 10% tariff on <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-china-tariffs-what-to-know\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">U.S. imports from China<\/a><\/span> could lead Mattel to hike the price of its Barbie, Hot Wheels and other toys.<\/p>\n<p>Mattel Chief Financial Officer Anthony DiSilvestro said in an earnings call with Wall Street analysts on Tuesday that roughly 40% of the company&#8217;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&#8217;s global production.\u00a0<\/p>\n<p>&#8220;Against the tariff, we have a range of mitigating actions,&#8221; including &#8220;potential price increases,&#8221; he said.\u00a0<\/p>\n<p>&#8220;We do work closely with our retail partners to achieve the right balance and always keep consumers in mind when we consider pricing actions,&#8221; DiSilvestro added.<\/p>\n<p>Mr. Trump has also imposed 25% <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariff-enacted-february-1-canada-mexico-china\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">tariffs on imports from Mexico<\/a><\/span>, where Mattel sources almost 10% of its products, and on Canada. On Monday, the president <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-mexico-troops\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">paused those tariffs<\/a><\/span> for at least 30 days after Mexico and Canada agreed to heighten security at their respective borders with the U.S.\u00a0<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium \"><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/video\/toy-prices-could-rise-trumps-planned-tariffs-experts-predict\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Toy prices could rise from Trump&#8217;s planned tariffs, experts predict<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">03:50<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>Mattel executives spoke to analysts after the company reported fourth-quarter earnings and sales that surpassed expectations, with its vehicle toy category \u2014 fueled by its Hot Wheels brand \u2014 its fastest-growing segment.\u00a0<\/p>\n<p>Demand for dolls and baby gear fell, with the former &#8220;down primarily due to Barbie as we <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/mattel-barbie-themed-merchandise-brand-partnership\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">wrapped the movie<\/a><\/span> in the prior year,&#8221; Mattel CEO Ynon Kreis said in the call.\u00a0<\/p>\n<p>Toy sellers fear the steeper U.S. tariffs on China will hurt their business.\u00a0<\/p>\n<p>&#8220;We&#8217;re going to suffer as a small business, but so is everyone in this country,&#8221; Dan Marshall, co-owner of family-run Mischief Toy Store in St. Paul, Minnesota, told <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/minnesota\/news\/minnesota-toy-businesses-industry-tariff-impacts\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">CBS News Minnesota<\/a><\/span> this week. Marshall said there are few toy manufacturers left in the U.S., and the tariffs could have an adverse impact.<\/p>\n<p>&#8220;If we have to raise prices, we will. But obviously, we&#8217;re trying to bring in products now, earlier in the year so we don&#8217;t have to do that, but we have no idea and that&#8217;s part of the problem,&#8221; he said.<\/p>\n<p>Implementing the 10% tariff on China, along with the 25% duties on imports from Canada and Mexico that are now on hold, would cost the typical U.S. household more than $1,200 a year, according to the Peterson Institute for International Economics.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \"\/><!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/kate-gibson\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Kate Gibson<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and 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