The president warned of a 100-percent tariff on Mattel and said that the company "won't sell one toy in the United States."

cross-posted from: https://lemmy.world/post/29381241

Donald Trump has threatened to place a 100 percent tariff on Barbie maker Mattel, after the company’s CEO said it would continue to manufacture outside the U.S. but would be reducing its reliance on Chinese imports.

“I’ve heard [Mattel] said: ‘Well we’re going to go counter, we’re going to try going someplace else,’” Trump said in the Oval Office on Thursday. “That’s OK, let him go, and we’ll put a 100 percent tariff on his toys, and he won’t sell one toy in the United States, and that’s their biggest market.”

In an interview with CNBC on Tuesday, Mattel CEO Ynon Kreiz was asked whether it would be cheaper to relocate some manufacturing to the U.S. due to the tariffs, but responded: “We don’t see that happening.”

  • hitmyspot@aussie.zoneEnglish
    8·
    16 hours ago

    The mattel CEO said they won’t be moving production to the USA, but they might move it outside China if the tariffs becomes a big issue.

    What this would be, is punishment for protected speech, given corporations are people.

    So, although I don’t really care about mattel, as a multi billion dollar corporation, it matters as it is further erosion of people’s rights with little pushback while the constitution becomes more meaningless.