Overview

• President Trump announced a 100% tariff threat on Mattel toys unless the company shifts manufacturing to the U.S., following its decision to diversify production outside China.
• Trump reduced tariffs on British luxury car brands, including Rolls-Royce, Range Rover, and Jaguar, from 27.5% to 10%, citing their limited production and exclusivity.
• Mattel CEO Ynon Kreiz confirmed the company is reducing reliance on Chinese manufacturing but stated it does not plan to move production to the U.S. due to cost concerns.
• The U.S. currently imposes a 145% tariff on Chinese imports, significantly impacting industries like toys, which rely on China for up to 75% of their products.
• Economists and industry leaders warn that the administration's aggressive tariff policies could lead to higher consumer prices and supply chain disruptions, especially for toys.