Sorry, kids: Trump's tariffs are coming for your Halloween candy [View all]
You may want to stock up on your Halloween candy early. Food giant Nestle on Thursday announced that price hikes are coming for Kit Kat bars thanks to President Donald Trump's nonsensical tariffs.
“Will we need a bit more [pricing action]? We might need a little bit more, but most of it is already done and will be seen reflected in the next quarters," Nestle CEO Laurent Freixe said in an earnings call, according to CNBC.
Freixe blamed tariffs for the price hikes, saying the levies have made the price of cocoa increase, necessitating Nestle's decision to raise the cost of its candy bars.
“We face an unprecedented scenario, where two of our major commodities have reached historical highs,” Freixe said, referring to cocoa as well as coffee, which Nestle also said will also increase in price.
https://www.dailykos.com/stories/2025/7/24/2334940/-Sorry-kids-Trump-s-tariffs-are-coming-for-your-Halloween-candy
Damn it. I love Kit Kat bars.
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