Mattel says zero tariffs on toys are better for a child’s development, as it plans price increases and halts forecast

Toy-maker Mattel Inc. on Monday said it plans to raise prices in the U.S. “where necessary” on some toys and take steps to rely less on China for production, while pausing its full-year outlook as it tries to get a handle on the impact of the global trade war.

And as the toy industry worries about order cancellations, production halts and the potential harm to smaller toy makers and holiday-season sales, Chief Executive Ynon Kreiz, during Mattel’s

MAT earnings call, echoed others in the toy industry in expressing support for zero tariffs on toys and games.