Business & Economy · 2 views
Spirit Halloween’s CEO says Trump’s tariffs were ‘going to put us out of business’—they even set up a war room. Then it had its best year ever
Standing in the White House Rose Garden, President Donald Trump declared April 2, 2025, would be now known as “Liberation Day.
AI Summary
President Donald Trump proclaimed April 2, 2025 “Liberation Day” and announced sweeping tariffs on imports from almost every country, pledging a resurgence of U.S. jobs and factories. Within days, China’s retaliation pushed the U.S. tariff on Chinese goods to 145%, coinciding with the start of Spirit Halloween’s shipments from Asia. Spirit Halloween’s CEO warned the tariffs would “put us out of business” and said the company created a “war room” to address the threat. Despite those concerns, the retailer reported its best year ever.
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