Haunted by Tariffs: How Trump’s Economic Policies Are Spooking Halloween

Halloween is traditionally a time for thrills, chills, and candy-fueled fun. But this year, the scariest part of the season isn’t the costumes—it’s the price tags. Thanks to President Donald Trump’s economic policies, particularly his aggressive tariff strategy, Halloween has become a fiscal fright fest for American families and businesses alike.

According to the National Retail Federation, Americans are expected to spend a record $13.1 billion on Halloween this year, up from $11.6 billion in 2024. That’s nearly $114.45 per person—an all-time high. But this isn’t just a case of enthusiastic spending. Much of the increase is driven by rising costs of imported goods, especially those from China, which supplies a significant portion of Halloween merchandise.

Trick-or-Tariff: The Cost of Costumes

Costumes have always been a Halloween staple, but this year, they’re hitting wallets harder than ever. Many costumes contain plastic components or electronics—two categories heavily impacted by Trump’s tariffs. Importers began halting production orders as early as April 2025, fearing the cost of bringing goods into the U.S. would be too high.

Small businesses, which rely on affordable imports to stock their shelves, are feeling the pinch. Layoffs and reduced inventory have become common, leaving consumers with fewer choices and higher prices. Want to dress your kid as a ghost? You might need to shell out more than $50 for a sheet with eye holes.

Candy Crisis: Sweet Treats, Bitter Costs

Even candy hasn’t escaped the tariff terror. Many sweets contain ingredients sourced internationally, and packaging materials—often plastic—are subject to import taxes. As a result, candy prices have surged, forcing families to either cut back or pay up.

Retailers report that bulk candy purchases are down, and some neighborhoods are organizing “low-sugar” Halloween events to cope with the cost.

Ghosts in the White House: A Playful Political Specter

Let’s not forget the “ghosts” haunting the halls of the White House. The lingering effects of Trump’s policies have created a spectral presence in the economy. Think of them as economic poltergeists—unseen forces rattling supply chains, scaring off investors, and knocking over the candy bowl of consumer confidence.

Some critics joke that the real haunted house this Halloween is 1600 Pennsylvania Avenue, where tariff decisions are made behind closed doors, and the screams you hear aren’t from horror movies—they’re from small business owners checking their invoices.

Retailers’ Nightmare: Inventory Shortages and Layoffs

Retailers are facing a nightmare scenario. With tariffs driving up costs, many have reduced their Halloween inventory or shifted to domestic suppliers, which often can’t meet demand or match prices. The result? Sparse shelves, fewer themed products, and frustrated customers.

Layoffs in seasonal retail sectors have also increased, as businesses struggle to stay afloat. The economic ripple effect is real—and it’s not just limited to Halloween. Thanksgiving and Christmas are next in line for tariff-induced tremors.

Tariffs and GDP

A broader look at Trump’s economic strategy reveals deeper concerns. A recent study by the National Foundation for American Policy warns that Trump’s immigration and trade policies could reduce the U.S. workforce by 15 million people by 2035, and lower GDP by $12.1 trillion. That’s not just spooky—it’s terrifying.

The same study suggests that federal debt could increase by $1.74 trillion due to reduced economic growth. These macroeconomic shifts trickle down to everyday experiences—like paying more for Halloween decorations or seeing fewer job openings in seasonal industries.

Halloween Goes Local: Domestic Production and DIY Trends

In response to rising costs, some consumers are turning to local artisans and DIY solutions. Homemade costumes, locally sourced decorations, and community events are gaining popularity. While this shift supports local economies, it also reflects a broader adaptation to economic constraints.

Social media is flooded with tutorials on how to make ghost costumes from recycled sheets or carve pumpkins using dollar-store tools. It’s a creative workaround—but also a sign that consumers are adjusting to a new economic reality.

A Frightening Forecast

Halloween 2025 is a case study in how economic policy can impact cultural traditions. Trump’s tariffs have turned a lighthearted holiday into a financial horror story for many Americans. While some are finding creative ways to cope, the overall mood is one of caution and concern.

So as you hang your cobwebs and light your jack-o’-lanterns, remember: the scariest thing this Halloween might not be the ghosts on your porch—but the ones haunting the economy.