Mattel Raises Prices Due to Tariffs
Analysis based on 7 articles · First reported May 05, 2025 · Last updated May 06, 2025
Mattel's decision to raise prices and withdraw its earnings forecast due to tariffs on Chinese goods indicates potential headwinds for consumer spending and corporate profitability in the toy industry. The broader market may see similar impacts on companies reliant on Chinese manufacturing, leading to supply chain adjustments and potential inflation.
Mattel, the toy manufacturer, announced it would raise prices on some products sold in the United States to counteract the increased costs resulting from Donald Trump's 145% tariffs on Chinese-made goods. Despite accelerating efforts to shift 500 products from China to other countries this year, Mattel's global production still relies 40% on China. Citing uncertainty from trade policies, Mattel also withdrew its annual earnings forecast. The company reported higher-than-expected first-quarter sales but a wider loss, with shares down slightly in after-market trading.
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