Matal Inc, Barbie toy manufacturerHot Wheels Cars and other popular toys, stated on Monday This is to raise the price of some products sold in the United States When “when” needed to offset the biggest costs of President Donald Trump’s fees.
Second, California -based company said Increase is essential even if they accelerate their plans To divert its production base outside China. Trump imposed 145% fee for most products made in China.
At a telephone conference, the company’s executives told researchers, China currently represents 40% of the global production of Matel. The company plans to move about 500 products For the sources of other countries this year of manufacturers in China, in Compare with 280 products last year.
For some of the most requested toys, Matte said that more than one country is seeking factories. To avoid potential deficiencyThe company said it would focus on getting products to shops without interruptions.
The company saidEven with an increase in price, Expects customers to spend $ 20 in between 40% and 50% of their toys (17.60 euros) may, or less. “The diversification and flexibility of the distribution chain in global business organizations has clear benefits to the Matte in this uncertainty,” said CEO and President Jonan Greece researchers.
The Mattel is withdrawing his predictions
However, refers to the current uncertainty President’s business policiesMattel withdrew his annual benefits predictions on Monday. Consumer cost and company sales are “difficult to predict” America in the late year without further information.
The Mattel has reported some of the Sale in the first quarter is greater than expectedBut more losses. In the quarter ended March 31, the Mattel announced that sales increased by 2%to $ 827 million (728.9 million).
The company’s losses increased to $ 40.3 million (35.5 million euros) In the quarter. The figure contradicts the loss of $ 28.3 million (24.9 million euros) in the quarter of last year. Mattell’s stocks fell less than 1% after the US markets.
