Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Prepare to break open your wallet for Barbie, Mattel warns
The Street
Follow
5/8/2025
Tariffs may force the company to increase prices on its toys.
Category
🥇
Sports
Transcript
Display full video transcript
00:00
After President Trump acknowledged his new trade policies could wind up increasing the price of
00:04
some toys, Barbie maker Mattel confirmed the remarks. While the company says newly implemented
00:09
tariffs didn't affect its first quarter numbers, Mattel admitted it would be looking for supply
00:13
chain options outside of China. The company also said it would be taking pricing action in its U.S.
00:18
business if necessary. On its earnings call, Mattel revealed that the current tariffs would
00:22
add around $270 million to the company's costs this year. Despite having no impact in Q1,
00:29
Mattel's CEO pushed back against the tariffs, saying zero tariffs for toys gives the greatest
00:33
number of children and families access to play. The current 145% tariffs on goods coming from China
00:39
is taking a heavy toll on the toy industry as a whole. Roughly 80% of all toys sold in the U.S.
00:44
are made in China, according to industry group Toy Association. And according to the Commerce
00:49
Department, more than 13 of the nearly $18 billion worth of toys imported into the U.S. in 2024 came
00:55
from the region. That'll do it for your daily briefing. From New York City, I'm Kelsey Barberio
00:59
with the street.
Recommended
0:25
|
Up next
China's Largest Coffee Chain Opens First U.S. Locations
Cheddar News
yesterday
0:57
Abercrombie soars, but tariff-related costs loom
The Street
5/28/2025
0:53
Dick’s to acquire Foot Locker in for $2.4 billion
The Street
5/18/2025
0:44
Once popular discount retailer sold for pennies on the dollar
The Street
3/26/2025
0:54
Walmart announces price hikes due to tariffs
The Street
5/18/2025
1:51
Dollar stores react to Trump tariffs
The Street
12/5/2024
0:55
GM is first big company to put price tag on tariffs
The Street
5/1/2025
2:17
More retailers could raise prices after Walmart's tariff warning
The Street
5/24/2025
0:51
Procter & Gamble announces layoffs
The Street
6/5/2025
1:40
Inflation hasn't stopped brick-and-mortar retail
The Street
12/26/2023
0:59
Walmart blames tariffs for higher prices
The Street
5/18/2025
0:52
Amazon CEO: Prepare for price hikes
The Street
4/10/2025
1:03
Barbie Boosts Mattel Stocks
Benzinga
7/24/2023
0:47
GameStop unveils new plan to save the company
The Street
3/27/2025
1:33
Shopping strategies to get ahead of potential price hikes
The Street
12/11/2024
0:58
Dick's Sporting Goods just cemented its mall dominance
The Street
5/18/2025
1:02
Why Abercrombie stock is soaring after earnings
The Street
5/28/2025
0:57
Amazon CEO says to expect higher prices
The Street
4/10/2025
1:52
How to avoid overspending during the holiday shopping season
The Street
11/13/2024
1:51
How Donald Trump’s new tariffs could increase prices
The Street
11/27/2024
1:10
What has to happen to reign in inflation
The Street
5/18/2025
1:07
Retailers see continued signs of a consumer slowdown
The Street
3/7/2025
1:00
How to tell if an investment is right for you
The Street
3/28/2025
0:51
Starbucks makes big change to loyalty rewards program
The Street
5/30/2025
1:38
Foot Locker surges as sneaker heads prepare to pay full price
The Street
5/30/2024