Mattel CEO says toy manufacturing won't come to America, but price hikes will
1. Mattel CEO states tariffs won't drive U.S. toy manufacturing back. 2. Less than 40% of products sourced from China by year-end. 3. Mattel has been diversifying manufacturing for nearly a decade. 4. Company raising U.S. prices to mitigate tariff costs. 5. Stock has declined approximately 19% since tariffs announcement.