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Mattel CEO Ynon Kreiz is sounding the alarm over newly implemented U.S. tariffs on Chinese imports, warning that the dramatic 145% tariff rate on Chinese goods could soon impact the price of toys across the United States. In an interview this week, Kreiz says the company is actively working to reduce reliance on Chinese manufacturing, but he acknowledges that the transition will take time and likely won’t prevent short-term price increases for American consumers.
Kreiz emphasizes that while Mattel already operates a diversified manufacturing network across multiple. . .
