President Donald Trump’s tariffs are making it a blue Christmas for the US holiday decorations industry.
Because most artificial Christmas trees, lights and other decor are imported and typically shipped months in advance, businesses facing millions of dollars in unexpected duties said they canceled orders and laid off workers to be able to pay them, Bloomberg News reports today.
One Utah-based owner said he had to take a line a credit leveraged by his office and house to help cover the costs. Others expressed concerns about staying in business.
“This is a happy industry, and this is a pretty ...
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