Planning on decorating for Christmas this year?
Well, it might be a little more expensive if you ' Christmas tree, or holiday lights – and it's not the Grinch's for the rising price tags.
President Trump's $ 200 billion in tariffs on imported goods are being sold US, 85 percent of which are manufactured in China, according to Tariffs Hurt the Heartland, an advocacy group for free trade.
Nearly all of the Christmas lights are imported, according to the group, because there are no major US Christmas light manufacturers. Caught in the middle of an increasing tense trade late ̵
25 percent tariff on Chinese goods goes into effect, bringing the overall tax rate to 33 percent.
That's on top of a Christmas tree shortage across the country that's forcing a rise in the cost of yuletide firs and spruces. It's largely a side effect from the financial recession in 2008, which drove many Christmas tree out of business because of a glut in supply, according to the Miami Herald.
And because it takes so much time to replenish the stock – a tree has to grow for about eight to ten years before it's ready to be cut and adorned.
American consumers are expected to buy about 27 million fresh trees this year, about the same amount as the past two years, according to the National Christmas Association. In 2017, about $ 75, the association's director, Tim O'Connor, told The Associated Press that prices are likely to be higher this year.