<ul><li>President Trump threatened a 100-percent tariff on Mattel, Hot Wheels' parent company, after its CEO mentioned diversifying production to other countries.</li><li>Mattel's CEO indicated a shift in production away from the US to avoid tariffs on Chinese imports, potentially leading to price increases for Hot Wheels toys.</li><li>Currently, the majority of Hot Wheels toys are produced in Malaysia, with plans to reduce production in China to 15 percent by next year and 10 percent by 2027.</li><li>Economists suggest that tariffs could lead to price hikes for consumers, affecting various industries including toys and automobiles.</li></ul>

Even Hot Wheels Could Get a Price Hike From Trump's Tariffs

Discover more