Consumers have been on edge about tariffs since they became a key talking point during the most recent presidential election. As it is, consumers have been grappling with sky-high living costs for years thanks to stubborn inflation.

Mattel says the uncertainty about tariffs and consumer demand makes it difficult to forecast its sales and earnings for the rest of the year.

Mattel, the U.S. toy company, said it would increase prices of some U.S. toys, citing levies on Chinese imports.