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.

The US represents about half of Mattel’s global toy sales, and the company imports about 20 per cent of its goods sold in the country from China. Mattel said it would reduce imports into the US from C