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Trump’s tariffs hit a sour note in landmark NYC emporium of sweets
@Source: financialpost.com
“There’s a lot of ingredients in there that have to come from other countries,” says Andreas Waldkirch, an economics professor at Colby College who teaches a class on international trade. “Unless you’re talking about something very simple from your local farmers market, almost every product relies on ingredients from elsewhere. Those indirect costs are really what’s going to drive up prices.”
The story repeats with American candies across the store _ the boxes of Nerds and bags of Sugar Babies and rolls of Smarties are all inextricably tied to the global supply chain.
A table teeming with those domestic delicacies takes center stage near Economy Candy’s entrance. Cohen took over the store from his parents, who took it over from their parents before. He got his first haircut in the store. He was behind the register as a child. He took his wife by on their first date.
As a kid, everything on the store’s centerpiece table of American treats cost 59 cents. By 2020, the price was $1.29, but customers who bought a whole box paid a discounted rate of $1 per piece.
Now, Cohen can’t even get them wholesale at that price.
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