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

If you need any toys for the holidays, now might be the best time to shop. Mattel, the giant behind beloved brands like Barbie, Hot Wheels, Fisher-Price, American Girl and many more, announced during an earnings call that President Donald Trump’s tariffs mean prices will have to go up on many toys,