Barbies and Cars Cost More

Major companies are feeling the effects of recent trade tensions. Mattel, the maker of Barbie dolls, has announced that it will increase prices on some of its toys in the United States due to new tariffs. The company also plans to reduce the number of products it manufactures in China for the American market.

Similarly, Ford, the automotive giant, estimates that these tariffs will cost them approximately $1.5 billion this year. To mitigate these costs, Ford is taking measures such as transporting vehicles from Mexico to Canada to avoid U.S. tariffs.

These companies are not alone in their concerns. Many businesses are warning about the impact of U.S. tariffs on their operations and the broader economy. The situation has created uncertainty, making it difficult for companies to predict consumer spending and plan for the future.