Mattel CEO says toy manufacturing won't come to America, but price hikes will

One of the goals of President Donald Trump's 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys."We don't see that happening," Mattel CEO Ynon Kreiz said on CNBC's "Squawk Box" Tuesday, less than a day after the company withdrew annual financial targets."We need to remember that a significant part of toy creation happens in America," he said. "Design, development, product engineering, brand management all happens in America. Mak ...