Toy makers say toys are an important part of a child's growth and development, but President Trump insists children don't need as many toys.

Life in plastic is not looking quite fantastic for Mattel fans after the toy brand announced on Monday that it would be hiking prices on its toys, such as Barbies, Hot Wheels, and others. According to the brand,

As far as its efforts to address tariffs, Kreiz said that the company is also focused on diversifying its global supply chain to reduce its reliance on China. The Mattel chief claimed in the conversation today that in two years, no single country will represent more than 25% of Mattel’s sourcing.