The cost might rise for Barbie dolls, Hot Wheels cars and other Mattel products due to the Trump administration's handling of tariffs on goods produced in China, Mexico and Canada.

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

Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts’ expectations, as it takes actions — including potential changes to its prices — to offset a fresh round of tariffs from President Donald Trump.