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.

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

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.