Key Takeaways Mattel, the company behind Hot Wheels, and Hasbro, which sells Play-Doh and Monopoly, have backed the Toy Association's campaign to exclude toys from tariffs.The toy giants do less of their manufacturing in China than the broader industry,

Days after Trump defended his tariffs with comments about dolls, Mattel says they may have to raise prices in the U.S.

Mattel, the U.S. toy company, said it would increase prices of some U.S. toys, citing levies on Chinese imports.