Mattel plans to raise prices on some toys to offset tariff costs

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Toymaker Mattel plans to raise prices due to tariffs

El Segundo, California-based Mattel has announced it will raise toy prices in the U.S. due to increased tariffs on imports from China. The tariffs, imposed by the Trump administration, aim to bring manufacturing back to the United States by taxing goods from other countries. However, Mattel's CEO, Ynon Kreiz, told CNBC that this strategy is impractical for his business. “We need to remember that a significant part of toy creation happens in Amer…

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CEO of toy giant Mattel says company will raise prices to deal with tariffs

Responding to questions about his tariffs on imports, President Trump said your children don't need so many toys. If the specific reason why remains a mystery to anyone, Mattel CEO Ynon Kreiz explains: because they're going to raise prises on the toys. — Read the rest The post CEO of toy giant Mattel says company will raise prices to deal with tariffs appeared first on Boing Boing.

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