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One of the goals of the current U.S. administration is to drive back manufacturing to the United States with the use of import taxes known as tariffs. However, when it comes to the toy industry, that may never happen (according to Mattel.) Mattel’s stock has taken a blow since the U.S. Tariffs were announced on the 2nd of April. In response to that stock dropping approximately 19%, Mattel CEO Ynon Kreiz spoke with CNBC in regards to Mattel’s path forward through these tumultuous times. While Mattel plans on reducing their toy manufacturing in China from 40% to less than 25%…
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How much would these figures cost if the were made here in the US. 1 dollar more? 5 dollars more? 10 dollars more? All worth it if you ask me.
Tariffs won't bring manufacturers back to the United States but incentives will. Tax breaks will. Neither are being offered by the current administration. And since so many resources are produced internationally (like plastic and steel from China) those companies/manufacturing jobs are most likely gone forever. Tariffs will only make things worse.
