Businesses in the Halloween sector are struggling under higher U.S. import tariffs on Chinese goods, with increased costs passed on to retailers and consumers, according to CNN.
Chris Zephro, co-founder of Trick or Treat Studios in Santa Cruz, California, said his company has already paid more than $800,000 in tariffs this year. The company supplies masks, props and costumes to over 10,000 retailers worldwide. It has laid off 15 employees for the first time in its 15-year history. Zephro, also treasurer of the Halloween and Costume Association, noted that about 90% of Halloween items involve materials or production from...