Trump Tariffs Threaten NYC's Iconic Economy Candy – Will Prices Go Up?

The Sweetest Store in NYC Faces a Bitter Reality

Economy Candy, the beloved Lower East Side institution that's been delighting New Yorkers with sweets since 1937, is facing a potential price hike due to former President Donald Trump's tariffs. The shop, famous for its vintage charm and vast selection, relies heavily on imported chocolates and candies—many of which were impacted by tariffs imposed during the Trump administration.

How Tariffs Could Affect Your Favorite Treats

• Imported Chocolate at Risk: European chocolates, including brands from Belgium and Switzerland, were hit with a 25% tariff.
• Gummy Candies in Jeopardy: Many gummy and jelly candies sourced from Germany and other countries saw price increases.
• Possible Price Hikes: If tariffs remain, Economy Candy may have to raise prices to offset costs.

A Family Business Fighting to Stay Sweet

Owned by the Cohen family since its founding, Economy Candy has weathered economic storms before—from the Great Depression to the pandemic. But with candy imports still under tariff pressure, the store’s future pricing remains uncertain. "We try to absorb costs where we can, but some things are out of our control," says store manager Jeremy Cohen.

What’s Next for NYC’s Candy Lovers?

1. Political Uncertainty: The Biden administration has kept some Trump-era tariffs, leaving businesses in limbo.
2. Consumer Impact: Shoppers may see higher prices on imported favorites like Toblerone, Lindt, and Haribo.
3. Local Support Needed: Keeping small businesses like Economy Candy alive means New Yorkers may need to accept modest price adjustments.

What Do You Think?

• Should the U.S. government remove tariffs on candy imports to help small businesses?
• Is it fair for consumers to pay more for European chocolates due to political trade policies?
• Would you still shop at Economy Candy if prices went up 10-15%?
• Are tariffs a necessary tool for trade, or do they unfairly punish American businesses?
• Is supporting local candy shops more important than cheaper, mass-produced candy?

Breaking Now News will continue to follow this story and update with any new developments.