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Halloween This year may seem a little scary for your wallet trump-30 percent imposed tariff rate But Sugar Import.
According to the National Retail Federation, consumers are expected to spend a record $13.1 billion this Halloween, up from $11.6 billion last year and surpassing the previous record of $12.2 billion set for 2023.
Trump’s Tariff A surge on Chinese goods earlier this year briefly pushed rates as high as 145 percent, forcing importers to halt production and leading to reduced Halloween inventory and higher prices.
As a result, Americans are expected to spend a record $114.45 per person, about $11 more than last year, the National Retail Federation said.
According to the Halloween and Costume Association, approximately 90 percent of Halloween merchandise contains at least one imported ingredient.
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When asked for comment, White House spokesperson KSH Desai said Independent On Tuesday, “Real prosperity is good jobs, growing industries and thriving communities for everyday Americans – not cheap Chinese imports.”
“President Trump pledged to use Tariff To level the playing field, address fentanyl trafficking, and restore American greatness. “Rising real wages, historic trade deals, and trillions of investment commitments to make and hire in America prove that President Trump’s America First agenda is paying off for the American people in ways that matter most,” Desai concluded.
halloween candy chaos
despite assurances candy Manufacturers, the cost of many Halloween staples is rising. For example, although the Hershey Company reported CBS News “There was no impact on Halloween candy prices this season.” But shoppers say otherwise, with a box of 48 full-size chocolate bars recently rising from about $40 to more than $50, according to the outlet.
Rising cocoa prices are a major reason. Extreme weather in West Africa, which produces about 70 percent of the world’s cocoa, has caused a sharp decline in yields. Last year, production fell by more than 25 percent in Ivory Coast and by more than 31 percent in Ghana, the two major producers.
cost of dress
The candy aisle isn’t the only part of the Halloween budget feeling the pressure. Many decorations, costumes and other products rely on components made overseas, particularly China, which has been hit by tariffs and supply-chain disruptions.
Both national and local Halloween retailers are scared off by the tariffs. Spirit Halloween CEO Steven Silverstein told Independent “As widely reported, more than 90 percent of seasonal merchandise for Halloween and Christmas is imported from China. As a result, the impact of the tariffs on these products will be significant,” it said in a statement.
Silverstein said, “Like many retailers, we are working hard to manage these challenges through a multi-pronged approach. We are taking a long-term perspective while focusing on growth – and are proud to be on track to open more than 1,500 Spirit Halloween locations this season.”
Independent The Halloween & Costume Association and the National Retail Federation have been contacted for comment.
Trick or Treat Studio co-founder Zefro explains cnn His company has lost more than $800,000 this year due to rising tariffs, forcing him to lay off 15 employees for the first time in 15 years.
“I mean, these are my friends. I know their families and I’m looking forward to having them back,” Zeffro, who is also treasurer of the Halloween and Costume Association, told the outlet, adding that the day was “one of the worst days of my life.”
“Unfortunately, at the end of the day the business doesn’t survive or survive. And I know of several companies in our industry that have had to close their doors,” Jeffroy said.
dress prices are rising nrf Shoppers are projected to spend an average of $37.62 per dress this year, up nearly 11 percent from 2024.
Still, many Americans are planning to celebrate Halloween while finding ways to save. Popular strategies include using reusable or DIY decorations, especially among Gen Z and Millennials, shopping early, choosing generic candy instead of name brands, buying in bulk and reusing last year’s decorations, according to one. Nielsen IQ Report.
Liquor prices have also increased
rising price of liquor A 15 percent tariff on imported spirits could nudge consumers toward domestic wines, beers and spirits this scary season.
Tariffs on European wines and spirits are likely to increase prices for consumers, affecting French, Italian and Spanish wines, Scotch whiskey and favorites such as Aperol. EU, which Spirits worth $3.4 billion exported In the US in 2024, despite industry requests, no waivers were struck in the President’s trade deal, meaning the cost of imported wine in stores and restaurants is likely to increase.