Mattel company leaders are warning that the trade tariffs imposed by President Trump could have a profound impact on toys like the wildly famous "Barbie" dolls they're so well known for. Tom Wait reports.

Mattel said it’s considering raising prices on U.S. toys, a warning that comes one day after Trump doubled down on comments that kids don’t need more than a few dolls.

Mattel is accelerating its efforts to reduce reliance on Chinese manufacturing due to steep U.S. tariffs, aiming to decrease imports from China.