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A year of horror: Halloween industry shaken by tariffs

Tariffs raised in April have increased Halloween costume costs by up to $10 and reduced inventory, with 79% of shoppers expecting higher prices this season, industry groups said.

  • This year, President Donald Trump increased US tariffs on most Chinese goods from about 20% to 145% before reducing them to 30%, disrupting supply chains.
  • Last spring, the Trump administration launched a trade war with China, and officials argued tariffs would restore industry strength and address smuggling, White House officials said.
  • Trick or Trick Studios says its supply chain is strained, producing goods sold to more than 10,000 retailers, 65% in the United States, while Zephro laid off 15 employees for the first time in 15 years.
  • This year's shoppers face higher prices and tighter Halloween inventory, with the National Retail Federation expecting spending of $114.45 per person, $11 more than last year.
  • The Halloween and Costume Association warned smaller manufacturers are vulnerable this year, saying many lack scale to absorb costs while family firms such as Phantom Halloween face new cash strain.
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Chris Zephro’s warehouse, full of latex masks, accessories from the movie “Saw” and zombie apocalypse games, is a testament to his love of terror. “The terror is not necessarily Halloween. It’s a lifestyle,” Zephro said. But the fake blood inside his warehouse in Santa Cruz, California, pales compared to the real cash bleed of his business since the Trump administration launched a trade war with China last spring. Zephro’s company, Trick or Trea…

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KITV4 News broke the news in Honolulu, United States on Thursday, October 2, 2025.
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