** Shares of toy manufacturers Mattel MAT.O and Hasbro HAS.O slip in premarket trading on potential exposure to recent trade tariffs

** On Sunday, President Donald Trump imposed sweeping levies on Mexico, Canada and China that will affect billions of dollars of trade

** Barbie parent MAT and Funko FNKO.O down about 3% each; Monopoly maker HAS falls 2.6% before the bell

** D.A. Davidson analyst Linda Bolton Weiser says Mattel's stock most exposed to tariff news with China making up 40% of company's sourcing, though below industry average of over 80%

** Hasbro management's target to get China exposure down to about 20% in 2 to 4 years will face increased urgency for HAS' suppliers to build alternate locations, Weiser adds

** About 33% of FNKO's products are manufactured in China with Loungefly, which is already under tariffs, representing 10 percentage points of that - D.A. Davidson analyst

** Mattel reports Q4 results after markets close on Tuesday with analysts watching to identify a potential inflection point

** Across 2024, MAT stock fell ~6%, Hasbro rose 9.5%, and FNKO jumped 73%

(Reporting by Savyata Mishra in Bengaluru)

((Savyata.Mishra@thomsonreuters.com))