Headline: UNCAPTIONED: Ford and Mattel Warn of Rising Costs from Trump Tariffs
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Ford and Mattel Warn of Rising Costs from Trump Tariffs. Ford and Mattel are the latest major U.S. companies sounding the alarm over the impact of President Trump’s tariffs. Mattel says it will raise prices on some toys and cut back on products made in China for the U.S. market. The toy giant, which relies on the U.S. for half its global sales, warned of uncertain consumer spending ahead of the holiday season. It now plans to reduce Chinese imports to under 15% by next year. Meanwhile, Ford estimates the tariffs will cost it $1.5 billion in 2025. Trump has acknowledged the trade-offs, recently saying U.S. children may end up with “two dolls instead of 30”, but insisted China would feel the pain more.
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Keywords: Current Affairs & Politics,Ford,car giant,car maker,Mattel,toys,dolls,Barbie,major,US,companies,sounding alarm,impact,tariffs,US President,Donald Trump,cut back,products,china,manufacturing,raise prices,imports
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