Key Takeaways Mattel, the company behind Hot Wheels, and Hasbro, which sells Play-Doh and Monopoly, have backed the Toy Association's campaign to exclude toys from tariffs.The toy giants do less of their manufacturing in China than the broader industry,

Mattel Inc. says it will have to raise prices for some products sold in the U.S. “where necessary” to offset higher costs related to President Donald Trump’s tariffs

Barbie and Hot Wheels maker Mattel pulled its full-year profit outlook late Monday, citing uncertainty surrounding the Trump administration's trade war. "The mitigating actions that we're taking are designed to fully offset the cost impact,