Overview

• President Trump announced a permanent reduction of tariffs on British luxury cars, including Rolls-Royce, from 25% to 10%, citing their unique manufacturing constraints.
• Trump threatened a 100% tariff on Mattel toys if the company does not relocate production to the U.S., despite Mattel’s ongoing efforts to diversify away from China.
• Mattel CEO Ynon Kreiz reiterated that the company has no plans to shift manufacturing to the U.S., citing cost inefficiencies, and warned of potential price increases for American consumers.
• The U.S. toy industry, which imports up to 75% of its products from China, faces significant challenges under the 145% tariff on Chinese goods, prompting warnings of holiday shortages.
• The Toy Association and other industry groups are lobbying the administration for tariff exemptions to prevent widespread price hikes and disruptions to supply chains.