Citing uncertainty about the economy and tariffs, Mattel also paused its financial guidance for the full year and said it expects tariffs to affect costs in the third quarter.

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.

Mattel, the iconic toy manufacturer, is set to increase prices in the U.S. due to new tariffs imposed by the Trump administration. This move aims to counteract the impact of import policies and current economic volatility,