To mitigate future losses, it plans to diversify its supply chain outside of China and “where necessary, taking pricing action in its US business.” That’s Wall Street speak for higher prices.

Days after Trump defended his tariffs with comments about dolls, Mattel says they may have to raise prices in the U.S.

Mattel, the U.S. toy company, said it would increase prices of some U.S. toys, citing levies on Chinese imports.