Toymaker Mattel said it is considering raising prices in response to President Donald Trump's new tariffs on China and potential duties on Mexico and Canada. The toy giant behind popular brands such as Barbie and Hot Wheels sources about 40% of its goods from China,

Mattel executive says it may have to charge consumers more for its toys because of higher tariff costs on imports from China.

Mattel said net income of $141 million dipped by $6 million on revenue that nosed up 2% to $1.65 billion, beating estimates for the quarter and offering a higher than expected full-year forecast that pushed the stock higher.