Barbie maker Mattel set to raise prices due to Trump tariffs

Mattel toys are set to rise in price in the US (Richard Drew/AP)

Mattel, the maker of Barbie dolls and other popular toys, has said it will have to raise prices for some products sold in the US to offset higher costs related to President Donald Trump’s tariffs.

The California-based company said the increases are necessary even though it is speeding up plans to diversify its manufacturing base away from China. Mr Trump has imposed a 145% tariff on most Chinese-made products.