Impact of President Trump's Tariffs on Mattel's Manufacturing
President Trump's tariffs aim to bring manufacturing back to America, but Mattel's CEO doubts this will happen, citing the importance of overseas production for creating quality products at affordable prices. Mattel has been diversifying its manufacturing to reduce dependence on China, with less than 40% of products sourced from there by the end of the year.
Key Points
- President Trump's tariffs aim to drive manufacturing back to America
- Mattel's CEO doubts the feasibility of this goal, highlighting the importance of overseas production for quality and affordability
- Mattel has been diversifying its global manufacturing to reduce dependence on China