Mattel’s Struggles Not New, Appears Unworried About Trump’s Tariff Threat — Panjiva
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Mattel’s Struggles Not New, Appears Unworried About Trump’s Tariff Threat

China 1758 Cons. Discr. - Retailing 156 U.S. 3297

Mattel plans to cut its workforce by 22% and cut a Mexican factory after the toymaker’s sales fell following Toys’R’Us’s financial failure. The slowdown in demand is not a new phenomenon though. Mattel-related imports to the U.S. having fallen 23% in 2Q on a year earlier, marking the third straight decline. The decision also suggests the company is unconcerned about President Trump’s threats to apply duties to all Chinese exports – Mattel’s U.S. imports from China accounted for 84% of the total in the past 12 months.

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