Tariffs and Cigars—A Bad Mix
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It was news that was impossible to miss. On April 2, President Donald Trump announced new tariffs on virtually every item imported into the United States. He ordered a minimum 10 percent charge on all U.S. imports (with very few exceptions) and higher tariffs on certain countries, particularly China. The news stunned the world and rocked financial markets. Even though President Trump soon backed off, initiating a 90-day pause on most of the higher rates, the 10-percent tariff went into effect on April 9. This will affect many American business segments, the cigar industry among them. Industry experts estimate the tariffs will cost the end consumer anywhere …
