Ed Krassenstein: Mattel CEO dismisses Trump's tariff claims

Mattel CEO Ynon Kreiz has publicly challenged former President Donald Trump's assertions that tariffs could drive manufacturing back to the United States. Speaking on CNBC, Kreiz was asked, ''If the tariffs come, would it be cheaper to manufacture toys in the United States?'' To which he responded unequivocally, ''We do not think so.''
Kreiz's statement underscores the complexity of global supply chains and suggests that simple tariff policies may not effectively relocate manufacturing operations. Mattel, a major American multinational toy company, continues to face economic pressures and strategic challenges despite potential tariff changes, illustrating the broader corporate sentiment in similar industries.
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In the previous news, tweet author Ed Krassenstein discussed economic forecasts and their implications.