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President Donald Trump is now threatening to slap a 100% tariff on Barbie dolls
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Hot Wheels, and other products made from toy maker Mattel. President Trump imposed a 145% tariff on Chinese imports last month. Mattel
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which makes Barbie, Hot Wheels, American Girl, and other famous toys, produces 40% of its products in China. On Monday, executives in a conference call said
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that the company plans to relocate about 500 of those products to other countries
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as it shifts production away from China. However, Enon Kreitz, chairman and CEO of Mattel
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said that it is unlikely the company will move its production from China to the United States
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Following news of Mattel's moves, the president said this at the Oval Office on Thursday
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That's okay. Let him go and we'll put a 100% tariff on his toys
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and he won't sell one toy in the United States and that's their biggest market
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The president has now sent representatives to Switzerland for talks with China this weekend in an effort to de-escalate the trade war
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On his Truth Social platform on Friday morning, Donald Trump wrote, 80% tariff on China seems right
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He said that would be up to Treasury Secretary Scott Besant, who will be involved in the talks
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As for Mattel, the company says it hopes to keep up to 50% of its products at $20 or less
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But prices might rise in the U.S. due to the tariffs. For more unbiased updates, download the Straight Arrow News app
