The maker of Barbie and Hot Wheels- Mattel (NASDAQ:MAT) said that it will raise prices on some toys in the U.S. to offset sharply higher costs due to new tariffs imposed by the Trump administration on imports from China and other countries.

Mattel Inc., the maker of Barbie dolls, Hot Wheels cars and other popular toys, said Monday that it would have to raise prices for some products sold in the U.S. “where necessary” to offset higher