Summary
The tariffs introduced by President Donald Trump have increased the cost of Halloween-related items. The National Retail Federation (NRF) reports that consumers will spend an average of $114.45 per person on Halloween, which is $11 more than last year. Many Halloween products are made overseas, leading to higher prices due to tariffs on imports.
Key Facts
- The average spend on Halloween items is expected to be $114.45 per person this year.
- This amount is $11 higher than the previous year.
- President Trump raised tariffs on most Chinese goods from 20% to 145% in April, then adjusted them to 30% in May.
- About 90% of Halloween products have components made overseas, often in China.
- Retailer Trick or Trick Studios paid $800,000 in tariff costs, leading to the layoff of 15 employees.
- Costumes may cost $5 to $10 more due to tariffs.
- Many consumers feel the increased prices make it difficult to afford Halloween items this year.
- The White House states that tariffs are meant to support U.S. jobs and industry.
