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.

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.