Toy-maker Mattel Inc. on Monday said it plans to raise prices in the U.S. “where necessary” on some toys and take steps to rely less on China for production, while pausing its full-year outlook as it tries to get a handle on the impact of the global trade war.

The toy company is already ramping up its efforts to diversify production away from China in order to avoid more of an impact from tariffs.View on euronews

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.