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Barbie maker Mattel says it will increase the prices of some of his toys in the US, because President Donald Trump’s rates are increasing his costs.
The company also says that it will reduce the number of products it makes in China for the American market.
At the same time, cars say that gigantic Ford means that the taxes cost around $ 1.5 billion (£ 1.13 billion) this year.
They are doing A growing list of large companies Warning about the impact of American rates on their companies and the wider economy.
“Given the volatile macro -economic environment and evolving the American tariff landscape, it is difficult to predict consumer spending, and the American sale of Mattel in the rest of the year and the holiday season,” said Mattel as the investors updated about his financial performance.
The US accounts for about half of the global toy sale of Mattel. It imports around 20% of its goods that are sold from China there.
The company said it is planning to reduce that Chinese import to the US until next year below 15%.
Since the return to the White House in January, Trump has imposed new import tax to 145% on goods from China.
His administration said last month that when the new rates are added to existing, the taxes on some Chinese goods can reach 245%.
China has hit back with a 125% load on products from the US.
Apart from China, Mattel -Products -including Barbie dolls and Hot Wheels -cars -from Indonesia, Malaysia and Thailand.
The three countries were also affected with steep rates by Trump in April, before they were paused for 90 days.
Last week Trump recognized the potential impact of rates. American children may have “two dolls instead of 30 dolls,” he said, but added that China would suffer more than the US.
Office position Ford said that the rates would add $ 2.5 billion to its total costs this year, mainly because of the increased costs of Mexican and Chinese input.
But the company said it had reduced around $ 1 billion of those extra costs by taking various measures, including the transport of vehicles from Mexico to Canada to prevent American rates.
The company has also suspended its annual profit guidance to investors due to uncertainty about Trump’s trade policy.
In April, companies described as technology giant Intel, shoe manufacturers Adidas and Skechers and Consumer Goods Group Procter & Gamble the impact of rates on their company.
“The very smooth trade policy in the US and after that, as well as regulatory risks, have increased the chance of an economic delay with the chance of a recession growth,” said David Zinter, Chief Financial Officer of Intel, during a call with investors.
Sportswear gigantic Adidas warned that rates would lead to higher prices in the US For popular trainers, including the Gazelle and the Samba.
The financial chef of shoe company Skechers, David Weinberg, said to investors: “The current environment is just too dynamic to plan results with a reasonable certainty of success.”
And Procter & Gamble – That makes Ariel Laundry Detergent, Head & Shoulders Shampoo and Gillette Shaving Products – Said that it considered changes to his prices to make up for the extra costs of materials from China and other places.
