Mattel to hike prices on Barbie, Hot Wheels, other toys to offset Trump tariff costs

1. Mattel to raise prices to offset higher tariffs on Chinese goods. 2. Company diversifying manufacturing base away from China amid tariff challenges. 3. Mattel withdrew annual earnings forecast due to trade policy uncertainty. 4. First-quarter sales exceeded estimates, but losses were larger than expected. 5. Shares declined nearly 3% in after-market trading following the news.