Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday.

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

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.