Toy makers say toys are an important part of a child's growth and development, but President Trump insists children don't need as many toys.

Mattel said it’s considering raising prices on U.S. toys, a warning that comes one day after Trump doubled down on comments that kids don’t need more than a few dolls.

Barbie-maker Mattel withdrew its annual financial targets on Monday and said it would increase prices for some products in the United States as Trump administration's sweeping tariffs bump up input costs for the toymaker.