Expect pricier toys this Christmas as Trump boosts China tariffs.
. China has long been an important country for manufacturing toys: 67% of Hasbro's products sold in the U.S. came from there last year.
"With regard to flexibility in moving its production, about 50% of Mattel's manufacturing is in owned plants , whereas nearly 100% of HAS' manufacturing is outsourced," she wrote.The majority of Mattel's Hot Wheels and Barbie toys are not manufactured in China. These brands are some of Mattel's best-selling toys.
The company has said it will raise prices to offset any tariff impacts. Funko is set to report second-quarter earnings on Aug. 8."The list of products these tariffs will hit are almost entirely consumer oriented," said the Retail Industry Leaders Association in a statement. "This new 10% tariff on Chinese imports is a direct hit on consumer products and family budgets, plain and simple.
Privately owned Spin Master has a diverse collection of brands that include Hatchimals, Tech Deck, Air Hogs and Bakugan.
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