
Car giant Ford and Barbie maker Mattel warn over tariffs costs
created: May 6, 2025, 2:04 a.m. | updated: May 7, 2025, 5:26 a.m.
Car giant Ford and Barbie maker Mattel warn over tariffs costs1 day ago Share Save Peter Hoskins Business reporter Share SaveReutersBarbie maker Mattel says it will put up the prices of some of its toys in the US as President Donald Trump's tariffs increase its costs.
At the same time, car making giant Ford says the levies will cost it about $1.5bn (£1.13bn) this year.
Since returning to the White House in January, Trump has imposed new import taxes of up to 145% on goods from China.
Apart from China, Mattel imports products – including Barbie dolls and Hot Wheels cars – from Indonesia, Malaysia and Thailand.
The three countries were also hit with steep tariffs by Trump in April, before they were paused for 90 days.
1 month, 1 week ago: BBC News