Toy making giant Mattel says it may increase its prices in the US to make up for the impact of Donald Trump's tariffs. It comes after the US president imposed 10% tariffs on all imports from China, where just under 40% of the firm's production is based. On top of potential price increases, the maker of Barbie and Hot Wheels says it could have to implement changes to its supply chain. Consumer and business groups in the US have warned that the tariffs may disrupt supply chains and lead to higher prices. The toy industry has been facing slower sales in 2024, as a higher cost of living meant shoppers had less cash to spend on toys. Despite this, Mattel's shares jumped by 10% in extended trading in New York, after the company forecast better profits for next year than had been expected by Wall Street analysts.
BBQ - Why is Trump applying tariffs to other countries imported goods? Who will benefit?
