Economy Candy, a nostalgic candy store in New York, faces the threat of rising prices due to tariffs introduced by President Trump affecting its diverse array of international confections. Owner Mitchell Cohen highlights that nearly all of their 2,000 products will be impacted, compounding existing inflation stresses from rising ingredient costs. The candy industry has seen price hikes of around 34% over the past five years. Cohen's desire to maintain affordability for his community faces an uphill battle amid these economic challenges.
Owner Mitchell Cohen of Economy Candy suggests that all products in his store, affected by tariffs, will see price increases at a time when inflation is already a concern for them.
Despite the nostalgia-inducing atmosphere of Economy Candy, owner Mitchell Cohen expresses serious concerns about the impact of tariffs on prices, indicating further inflation looms.
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