How tariffs could make Christmas cost more
Summary
This year, tariffs are making Christmas decorations more expensive and harder to find. The costs and limited supply are due to higher import taxes on products like lights and trees that companies bring into the U.S.Key Facts
- Companies importing Christmas decorations face higher import taxes due to tariffs.
- Some businesses have laid off workers and reduced imports to manage costs.
- A temporary tariff rate was 145% but has since been lowered to 30%.
- Prices for Christmas decorations may go up by 15 to 20%.
- Some companies receive fewer orders due to increased costs, leading to potential shortages.
- Businesses report higher weekly inquiries from factories with excess inventory.
- Certain Christmas tree varieties might be available only in limited quantities.
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