The Movement of President Trump to obtain an additional 10% rate on American imports from China He could lead Mattel to walk the price of his Barbie, hot wheels and other toys.
Mattel’s financial director, Anthony Dysilvestro, said in a earning call with Wall Street analysts on Tuesday that approximately 40% of the company’s toys are carried out in China, while not indicating that it is less than the average of the average The 80%industry. In general, the collectors of the United States fresh on Chinese good affect approximately 20% of Mattel’s global production.
“Against the rate, we have a variety of mitigating actions,” which include “potential price increases,” he said.
“We work in close collaboration with our retail partners to achieve adequate balance and always taking into account consumers when we consider price actions,” Dysilvere added.
Mr. Trump has also imposed 25% Tariffs on imports from Mexicowhere Mattel gets almost 10% of his products, and in Canada. Monday, the president Paused those rates For at least 30 days after Mexico and Canada agreed to increase security on their respective borders with the United States.
Mattel executives spoke with analysts after the company reported profits and sales of the fourth quarter that exceeded expectations, with its vehicle toy category, fueled by its Hot Wheels brand, its fastest growing segment.
The demand for dolls and the baby team fell, with the first “fallen mainly due to Barbie while we Wrap the movie In the previous year, “Mattel’s CEO, Ynon Kreis, said in the call.
Toy vendors fear that the most pronounced US tariffs on China harm their businesses.
“We are going to suffer as a small business, but they are all in this country so,” he told Dan Marshall, co -owner of the family mischief toy store in St. Paul, Minnesota. CBS News Minnesota this week. Marshall said there are few toy manufacturers in the United States, and that tariffs could have an adverse impact.
“If we have to increase prices, we will do it. But obviously, we are trying to bring products now, at the beginning of the year so that we do not have to do that, but we have no idea and that is part of the problem,” he said.
Implement the 10% rate on China, together with 25% tariff The international economy.
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