While it is true that Trump referred to Mattel as a country, he quickly said "his toys" — referring to Mattel CEO Ynon Kreiz — would have to bear 100% duties, indicating he understood Mattel made toys.

President Donald Trump took aim at the “country” of Mattel, the manufacturer of Barbie dolls and Hot Wheels. Earlier this week, the company indicated that it would bump up prices because of the president’s 145 percent tariff on most Chinese exports.

A prolonged trade war means that for many American families, an extensive Barbie or Polly Pocket collection could soon be a luxury.