Latest news with #EconomyCandy
Gulf Today
07-04-2025
- Business
- Gulf Today
Tariffs hit a sour note in NYC emporium of sweets
Economy Candy's shelves brim with sweets from around the world — gummies from Germany, lollipops from Spain, chocolates from Japan and a panoply of candies from across the US. Standing amid it all, columns of bright jellybeans to his left and exotic Kit Kats to his right, owner Mitchell Cohen is quick with his assessment of how many of this shop's 2,000-plus items are affected by the historic round of tariffs announced by President Donald Trump. 'I think all of them,' Cohen says at his store on New York's Lower East Side. Few corners of the American economy are untouched, directly or indirectly, by the sweeping tariffs being imposed by Trump. Even a little store like Economy Candy. Cohen had just begun to feel a barrage of inflation-driven price increases from suppliers ease when the tariff threats arrived. For a business with a name like Economy Candy, he wants to remain affordable but fears how high some prices may have to climb in the coming months. 'I think it's gonna be another round of this hyperinflation on some items,' says 39-year-old Cohen. 'If we're putting tariffs everywhere, it is going to go up.' Stepping into Economy Candy feels like a time warp. Its name is emblazoned on a sign in a vintage, blaring red script, and crossing below its green-and-white striped awning, past the bins of Smarties, butterscotches and Lemonheads in the front window, an indecipherable sweetness fills the air, oldies music sounds overhead and customers mill around stacks of candy bars they forgot still existed. It represents just a blip in the country's $54 billion candy industry. But it was already feeling the weight of surges in prices of cocoa and other ingredients before tariffs were layered on. Candy and gum prices are up about 34% from five years ago and 89% from 2005, according to Consumer Price Index data. Price, according to the National Confectioners Association, has become the top factor in consumers' candy purchase decisions, outweighing a buyer's mood. About a third of Economy Candy's products are imported, crowded on shelves and tables near the store's rear. There aren't just 'more German Haribo varieties than the Haribo store in Germany,' as Cohen claims, but gummies the brand makes in France, Austria and Britain. They have every Milka bar they can find in Switzerland, every type of Leone hard candies that Italy churns out and as many exotic Kit Kats from Japan as they can fit. On products like these, the tariffs' toll is obvious. Pistachio Snickers bars are from India, now subject to 26% tariffs, while passion fruit mousse Snickers are from Portugal, now under the 20% European Union levies. But even an American-made Snickers isn't immune. While the bars may roll off conveyors in Texas, they rely on ingredients from around the globe. Sourcemap, which tracks supply chains, says Snickers bars include chocolate from Guyana and sugar from Brazil and are wrapped in packaging from Canada. All are now subjected to varying levels of tariffs. 'There's a lot of ingredients in there that have to come from other countries,' says Andreas Waldkirch, an economics professor at Colby College who teaches a class on international trade. 'Unless you're talking about something very simple from your local farmers market, almost every product relies on ingredients from elsewhere. Those indirect costs are really what's going to drive up prices.' The story repeats with American candies across the store — the boxes of Nerds and bags of Sugar Babies and rolls of Smarties are all inextricably tied to the global supply chain. A table teeming with those domestic delicacies takes center stage near Economy Candy's entrance. Cohen took over the store from his parents, who took it over from their parents before. He got his first haircut in the store. He was behind the register as a child. He took his wife by on their first date. As a kid, everything on the store's centerpiece table of American treats cost 59 cents. By 2020, the price was $1.29, but customers who bought a whole box paid a discounted rate of $1 per piece. Now, Cohen can't even get them wholesale at that price. Today, he sells the items on the table for $1.59. Cohen calls the selection a 'loss leader' but thinks it's important to showcase his store's affordability. Once the tariffs are fully implemented, he's not sure he'll be able to put off price increases. 'When your margins are coming down and your dollar doesn't go as far at the end of the day, you really start to feel it,' he says. 'But I don't want anyone to come into Economy Candy and not think that it's economical.' The biggest-ticket implications of the tariff blitz understandably gain the most attention - the thousands of dollars a car's price tag may grow, the tens of thousands that disappear from a retirement account in a single day. But here among the root beer barrels and licorice strands, you're reminded that small-dollar items are affected too, and so are the families selling them. At its birth, the business Cohen's grandfather started focused on shoe and hat repairs. But in the wake of the Great Depression, when few in a neighborhood of crowded tenements had money for such fixes, the business pivoted. Candy, once relegated to a cart out front, took over the store. In the 88 years since, business hasn't always been Chuckles and Zagnuts. The Sept. 11 attacks kept tourists away and had sales sagging and the pandemic closed the store and forced it to pivot to online sales. If tariffs upend things, Cohen isn't sure how he might adapt again. He sells products that aren't made in America and he sells American products made with ingredients from across the globe. He had just been making headway on beginning international sales, but the web of tariff rules may make it impossible. The average US tariff could rise to nearly 25% if the import taxes Trump put on goods from dozens of countries are fully implemented Wednesday. That would be the highest rate in more than a century, including tariffs widely blamed for worsening the Great Depression. Trump said imposing the tariffs amounted to a 'liberation day' for a country that has been 'looted, pillaged, raped and plundered' by friend and foe alike, insisting it was 'very, very good news' for the US Cohen isn't sure how that can be true for a business like his. 'I can understand bringing manufacturing and bringing things back to America, but you know, we rely on raw materials that just aren't native to our country,' he says. 'And it's not like I can get a green tea Japanese Kit Kat from an American company.' As Cohen stood before mounds of strawberry candies in shiny wrappers and little cubes of caramel in cellophane, the first word of the tariff's concrete impact on him arrived. A French supplier emailed saying it was immediately imposing a 5% surcharge due to the tariffs, expressing regret for the move and hope that 'the situation will be resolved swiftly.' Cohen wore a smile anyway. He wants this to be a happy place for visitors. 'You travel back to a time when nothing mattered,' Cohen says, 'when you didn't worry about anything.' Matt Sedensky, Associated Press
Washington Post
06-04-2025
- Business
- Washington Post
Trump's tariffs hit a sour note in landmark NYC emporium of sweets
NEW YORK — Economy Candy's shelves brim with sweets from around the world – gummies from Germany, lollipops from Spain, chocolates from Japan and a panoply of candies from across the U.S. Standing amid it all, columns of bright jellybeans to his left and exotic Kit Kats to his right, owner Mitchell Cohen is quick with his assessment of how many of this shop's 2,000-plus items are affected by the historic round of tariffs announced by President Donald Trump.
The Independent
06-04-2025
- Business
- The Independent
Trump tariffs live: Starmer warns world as we knew it has gone – while EU readies retaliatory measures
Sir Keir Starmer has said the 'world as we knew it has gone' after US president Donald Trump slapped sweeping tariffs on dozens of trading partners including the UK. Sir Keir has said that his government stands 'ready to use industrial policy to help shelter British business from the storm.' It comes after the US president put a 10 per cent tariff on all UK goods exports to America, including a 25 per cent tariff on all British carmakers. Labour minister Darren Jones said that a trade war was in 'no-one's interests' and said that globalisation as we've known it has come to an end. However Reuters has reported that the EU is considering retaliatory tariffs on $28 billion worth of US imports. A list of US goods that could be slapped with tariffs will reportedly be presented to EU countries late on Monday. Meanwhile Jaguar Land Rover Trump 's tariffs. India will not retaliate against US tariffs India will not retaliate against US President Donald Trump's 26 per cent tariff on imports from the Asian nation, an Indian government official said. Prime Minister Narendra Modi's administration has looked into a clause of Trump's tariff order that offers a possible reprieve for trading partners who "take significant steps to remedy non-reciprocal trade arrangements", said the official, who declined to be named as the details of the talks are confidential. New Delhi sees an advantage in being one of the first nations to have started talks over a trade deal with Washington. India has joined nations like Taiwan and Indonesia in ruling out counter tariffs. India and the US agreed in February to clinch an early trade deal by autumn 2025 to resolve their standoff on tariffs. Rebecca Whittaker6 April 2025 14:00 Trump's tariffs hit a sour note in landmark NYC emporium of sweets Economy Candy's shelves brim with sweets from around the world – gummies from Germany, lollipops from Spain, chocolates from Japan and a panoply of candies from across the U.S. Standing amid it all, columns of bright jellybeans to his left and exotic Kit Kats to his right, owner Mitchell Cohen is quick with his assessment of how many of this shop's 2,000-plus items are affected by the historic round of tariffs announced by President Donald Trump. 'I think all of them,' Cohen says at his store on New York's Lower East Side. Few corners of the American economy are untouched, directly or indirectly, by the sweeping tariffs being imposed by Trump. Even a little store like Economy Candy. Pistachio Snickers bars are from India, now subject to 26 per cent tariffs, while passion fruit mousse Snickers are from Portugal, now under the 20 per cent European Union levies. The biggest-ticket implications of President Donald Trump's tariff blitz understandably gain the most attention Rebecca Whittaker6 April 2025 13:45 Sir Keir Starmer will deliver speech on Monday Sir Keir Starmer will declare the end of globalisation and admit it has failed the public amid the growing fallout of Donald Trump imposing global trade tariffs, including 10 per cent on the UK, writes political correspondent Archie Mitchell. The prime minister will argue in a speech on Monday that the shock from the US president's trade war means Britain must 'move further and faster' cutting red tape to boost economic growth. Prime minister argues that tariffs show Britain must 'move further and faster' in cutting red tape to boost economic growth Holly Bancroft6 April 2025 13:31 Indonesia will not retaliate against US tariffs Indonesia will not retaliate against US president Donald Trump's 32 per cent trade tariff on Southeast Asia's largest economy, its senior economic minister said on Sunday in the government's first response to the levy. Chief Economic Minister Airlangga Hartarto said in a statement that Indonesia would pursue diplomacy and negotiations to find mutually beneficial solutions after Mr Trump announced sweeping global tariffs on Wednesday. "The approach was taken by considering the long-term interest of bilateral trade relation, as well as to maintain the investment climate and national economic stability," Mr Airlangga said, adding that Jakarta will support potentially impacted sectors, such as apparel and footwear industry. Mr Trump's tariff on Indonesia, one of six hard-hit Southeast Asian countries, is set to take effect on Wednesday. Holly Bancroft6 April 2025 13:14 Further announcements from Sir Keir Starmer this week following Trump tariffs Sir Keir Starmer will be outlining more detail about support for British industry and the economy in the wake of Donald Trump's tariffs, a Treasury minister has said. The prime minister has said the government is "ready to use industrial policy" to help shelter businesses from the fallout, as firms across the globe are grappling with how to deal with the new taxes. Chief Secretary to the Treasury Darren Jones told Sunday With Trevor Phillips on Sky News that "we need to go further and faster in supporting British industry and the British economy", adding Sir Keir will "be saying more about that this week". "There will be further announcements from the Prime Minister this week on support for British business, building off the engagement that we've been having with them over the last weeks and months," he added. Holly Bancroft6 April 2025 13:01 Taiwan will not impose reciprocal tariffs on the US Taiwan President Lai Ching-te said on Sunday that Taiwan will not impose reciprocal trade tariffs against the United States, but will remove trade barriers and Taiwanese companies will gradually increase their investments in the country. The president made the comments at a meeting with Taiwanese executives. Holly Bancroft6 April 2025 12:42 Musk seems to criticise chief supporter of Trump tariffs Elon Musk has appeared to criticise the chief supporter of president Donald Trump's tariffs Peter Navarro, the administrations trade adviser. Senior White House aide Mr Navarro helped shape the president's reciprocal tariff policy that tanked markets across the world. Mr Musk responded to a video of Mr Navarro defending the tariff policy, posted to social media platform X. An X user had posted the video with a caption saying 'Peter Navarro has a PhD in economics from Harvard.' Mr Musk replied, saying: 'A PhD in Econ from Harvard is a bad thing, not a good thing. Results in the ego/ brains>>1 problem'. Another user replied, insisting that Mr Navarro was correct in his defense, but Mr Musk rejected that and questioned Mr Navarro's practical economic experience. "He aint built s***," Mr Musk wrote. Holly Bancroft6 April 2025 12:41 Watch: Labour MP says Trump's 'Brexit dividend' was 'one' benefit to leaving EU Holly Bancroft6 April 2025 12:31 French prime minister estimates Trump tariffs could cost France 'more than 0.5% of GDP' France's prime minister François Bayrou has estimated that the tariff increases imposed by US president Donald Trump could cost France 'more than 0.5 per cent of GDP'. In an interview with Le Parisien, Mr Bayrou said that 'the risk of job losses is absolutely significant, as is that of an economic slowdown and a halt to investment'. 'The destablisation he has created will weaken the global economy for a long time to come,' he added. Holly Bancroft 6 April 2025 12:16 Britain could be at risk from Greek-style debt crisis, investors warn Experts have warned that Britain's debt leaves it vulnerable to the economic affects of president Donald Trump's tariffs on the global economy. Neil Robson, head of global equities at Columbia Threadneedle, said: 'If you think about the problem of being very indebted, you can be as indebted as you like as long as your nominal growth is higher than your interest rate. 'But if ever your nominal GDP growth stalls - not just on a temporary basis - below your interest costs then you're in a real negative spiral and it can move really quickly. We saw that with Greece during the great financial crisis.' Bruno Schneller, the managing partner at Erlen Capital Management, added: 'Mr Trump's tariff blitz risks triggering a global stagflation shock - and for the UK, that's a recipe for a gilt crisis. 'Slower growth, higher inflation and a jittery investor base could combine to push UK borrowing costs higher at the worst possible time. This isn't just trade war fallout, it's the kind of external shock that can crack already fragile debt markets'.
Yahoo
06-04-2025
- Business
- Yahoo
Trump's tariffs hit a sour note in landmark NYC emporium of sweets
NEW YORK (AP) — Economy Candy's shelves brim with sweets from around the world – gummies from Germany, lollipops from Spain, chocolates from Japan and a panoply of candies from across the U.S. Standing amid it all, columns of bright jellybeans to his left and exotic Kit Kats to his right, owner Mitchell Cohen is quick with his assessment of how many of this shop's 2,000-plus items are affected by the historic round of tariffs announced by President Donald Trump. 'I think all of them,' Cohen says at his store on New York's Lower East Side. Few corners of the American economy are untouched, directly or indirectly, by the sweeping tariffs being imposed by Trump. Even a little store like Economy Candy. Cohen had just begun to feel a barrage of inflation-driven price increases from suppliers ease when the tariff threats arrived. For a business with a name like Economy Candy, he wants to remain affordable but fears how high some prices may have to climb in the coming months. 'I think it's gonna be another round of this hyperinflation on some items,' says 39-year-old Cohen. 'If we're putting tariffs everywhere, it is going to go up.' Stepping into Economy Candy feels like a time warp. Its name is emblazoned on a sign in a vintage, blaring red script, and crossing below its green-and-white striped awning, past the bins of Smarties, butterscotches and Lemonheads in the front window, an indecipherable sweetness fills the air, oldies music sounds overhead and customers mill around stacks of candy bars they forgot still existed. It represents just a blip in the country's $54 billion candy industry. But it was already feeling the weight of surges in prices of cocoa and other ingredients before tariffs were layered on. Candy and gum prices are up about 34% from five years ago and 89% from 2005, according to Consumer Price Index data. Price, according to the National Confectioners Association, has become the top factor in consumers' candy purchase decisions, outweighing a buyer's mood. About a third of Economy Candy's products are imported, crowded on shelves and tables near the store's rear. There aren't just 'more German Haribo varieties than the Haribo store in Germany,' as Cohen claims, but gummies the brand makes in France, Austria and Britain. They have every Milka bar they can find in Switzerland, every type of Leone hard candies that Italy churns out and as many exotic Kit Kats from Japan as they can fit. On products like these, the tariffs' toll is obvious. Pistachio Snickers bars are from India, now subject to 26% tariffs, while passion fruit mousse Snickers are from Portugal, now under the 20% European Union levies. But even an American-made Snickers isn't immune. While the bars may roll off conveyors in Texas, they rely on ingredients from around the globe. Sourcemap, which tracks supply chains, says Snickers bars are made with chocolate from Guyana, peanuts from Argentina and sugar from Brazil, wrapped up in packaging from Canada. All are now subjected to varying levels of tariffs. 'There's a lot of ingredients in there that have to come from other countries,' says Andreas Waldkirch, an economics professor at Colby College who teaches a class on international trade. 'Unless you're talking about something very simple from your local farmers market, almost every product relies on ingredients from elsewhere. Those indirect costs are really what's going to drive up prices.' The story repeats with American candies across the store – the boxes of Nerds and bags of Sugar Babies and rolls of Smarties are all inextricably tied to the global supply chain. A table teeming with those domestic delicacies takes center stage near Economy Candy's entrance. Cohen took over the store from his parents, who took it over from their parents before. He got his first haircut in the store. He was behind the register as a child. He took his wife by on their first date. As a kid, everything on the store's centerpiece table of American treats cost 59 cents. By 2020, the price was $1.29, but customers who bought a whole box paid a discounted rate of $1 per piece. Now, Cohen can't even get them wholesale at that price. Today, he sells the items on the table for $1.59. Cohen calls the selection a 'loss leader' but thinks it's important to showcase his store's affordability. Once the tariffs are fully implemented, he's not sure he'll be able to put off price increases. 'When your margins are coming down and your dollar doesn't go as far at the end of the day, you really start to feel it,' he says. 'But I don't want anyone to come into Economy Candy and not think that it's economical.' The biggest-ticket implications of the tariff blitz understandably gain the most attention – the thousands of dollars a car's price tag may grow, the tens of thousands that disappear from a retirement account in a single day. But here among the root beer barrels and licorice strands, you're reminded that small-dollar items are affected too, and so are the families selling them. At its birth, the business Cohen's grandfather started focused on shoe and hat repairs. But in the wake of the Great Depression, when few in a neighborhood of crowded tenements had money for such fixes, the business pivoted. Candy, once relegated to a cart out front, took over the store. In the 88 years since, business hasn't always been Chuckles and Zagnuts. The Sept. 11 attacks kept tourists away and had sales sagging and the pandemic closed the store and forced it to pivot to online sales. If tariffs upend things, Cohen isn't sure how he might adapt again. He sells products that aren't made in America and he sells American products made with ingredients from across the globe. He had just been making headway on beginning international sales, but the web of tariff rules may make it impossible. The average U.S. tariff could rise to nearly 25% if the import taxes Trump put on goods from dozens of countries are fully implemented Wednesday. That would be the highest rate in more than a century, including tariffs widely blamed for worsening the Great Depression. Trump said imposing the tariffs amounted to a 'liberation day' for a country that has been 'looted, pillaged, raped and plundered' by friend and foe alike, insisting it was 'very, very good news' for the U.S. Cohen isn't sure how that can be true for a business like his. 'I can understand bringing manufacturing and bringing things back to America, but you know, we rely on raw materials that just aren't native to our country,' he says. 'And it's not like I can get a green tea Japanese Kit Kat from an American company.' As Cohen stood before mounds of strawberry candies in shiny wrappers and little cubes of caramel in cellophane, the first word of the tariff's concrete impact on him arrived. A French supplier emailed saying it was immediately imposing a 5% surcharge due to the tariffs, expressing regret for the move and hope that 'the situation will be resolved swiftly.' Cohen wore a smile anyway. He wants this to be a happy place for visitors. 'You travel back to a time when nothing mattered,' Cohen says, "when you didn't worry about anything.' ___ Matt Sedensky can be reached at msedensky@ and
The Hill
06-04-2025
- Business
- The Hill
Trump's tariffs hit a sour note in landmark NYC emporium of sweets
NEW YORK (AP) — Economy Candy's shelves brim with sweets from around the world – gummies from Germany, lollipops from Spain, chocolates from Japan and a panoply of candies from across the U.S. Standing amid it all, columns of bright jellybeans to his left and exotic Kit Kats to his right, owner Mitchell Cohen is quick with his assessment of how many of this shop's 2,000-plus items are affected by the historic round of tariffs announced by President Donald Trump. 'I think all of them,' Cohen says at his store on New York's Lower East Side. Few corners of the American economy are untouched, directly or indirectly, by the sweeping tariffs being imposed by Trump. Even a little store like Economy Candy. Cohen had just begun to feel a barrage of inflation-driven price increases from suppliers ease when the tariff threats arrived. For a business with a name like Economy Candy, he wants to remain affordable but fears how high some prices may have to climb in the coming months. 'I think it's gonna be another round of this hyperinflation on some items,' says 39-year-old Cohen. 'If we're putting tariffs everywhere, it is going to go up.' Stepping into Economy Candy feels like a time warp. Its name is emblazoned on a sign in a vintage, blaring red script, and crossing below its green-and-white striped awning, past the bins of Smarties, butterscotches and Lemonheads in the front window, an indecipherable sweetness fills the air, oldies music sounds overhead and customers mill around stacks of candy bars they forgot still existed. It represents just a blip in the country's $54 billion candy industry. But it was already feeling the weight of surges in prices of cocoa and other ingredients before tariffs were layered on. Candy and gum prices are up about 34% from five years ago and 89% from 2005, according to Consumer Price Index data. Price, according to the National Confectioners Association, has become the top factor in consumers' candy purchase decisions, outweighing a buyer's mood. About a third of Economy Candy's products are imported, crowded on shelves and tables near the store's rear. There aren't just 'more German Haribo varieties than the Haribo store in Germany,' as Cohen claims, but gummies the brand makes in France, Austria and Britain. They have every Milka bar they can find in Switzerland, every type of Leone hard candies that Italy churns out and as many exotic Kit Kats from Japan as they can fit. On products like these, the tariffs' toll is obvious. Pistachio Snickers bars are from India, now subject to 26% tariffs, while passion fruit mousse Snickers are from Portugal, now under the 20% European Union levies. But even an American-made Snickers isn't immune. While the bars may roll off conveyors in Texas, they rely on ingredients from around the globe. Sourcemap, which tracks supply chains, says Snickers bars are made with chocolate from Guyana, peanuts from Argentina and sugar from Brazil, wrapped up in packaging from Canada. All are now subjected to varying levels of tariffs. 'There's a lot of ingredients in there that have to come from other countries,' says Andreas Waldkirch, an economics professor at Colby College who teaches a class on international trade. 'Unless you're talking about something very simple from your local farmers market, almost every product relies on ingredients from elsewhere. Those indirect costs are really what's going to drive up prices.' The story repeats with American candies across the store – the boxes of Nerds and bags of Sugar Babies and rolls of Smarties are all inextricably tied to the global supply chain. A table teeming with those domestic delicacies takes center stage near Economy Candy's entrance. Cohen took over the store from his parents, who took it over from their parents before. He got his first haircut in the store. He was behind the register as a child. He took his wife by on their first date. As a kid, everything on the store's centerpiece table of American treats cost 59 cents. By 2020, the price was $1.29, but customers who bought a whole box paid a discounted rate of $1 per piece. Now, Cohen can't even get them wholesale at that price. Today, he sells the items on the table for $1.59. Cohen calls the selection a 'loss leader' but thinks it's important to showcase his store's affordability. Once the tariffs are fully implemented, he's not sure he'll be able to put off price increases. 'When your margins are coming down and your dollar doesn't go as far at the end of the day, you really start to feel it,' he says. 'But I don't want anyone to come into Economy Candy and not think that it's economical.' The biggest-ticket implications of the tariff blitz understandably gain the most attention – the thousands of dollars a car's price tag may grow, the tens of thousands that disappear from a retirement account in a single day. But here among the root beer barrels and licorice strands, you're reminded that small-dollar items are affected too, and so are the families selling them. At its birth, the business Cohen's grandfather started focused on shoe and hat repairs. But in the wake of the Great Depression, when few in a neighborhood of crowded tenements had money for such fixes, the business pivoted. Candy, once relegated to a cart out front, took over the store. In the 88 years since, business hasn't always been Chuckles and Zagnuts. The Sept. 11 attacks kept tourists away and had sales sagging and the pandemic closed the store and forced it to pivot to online sales. If tariffs upend things, Cohen isn't sure how he might adapt again. He sells products that aren't made in America and he sells American products made with ingredients from across the globe. He had just been making headway on beginning international sales, but the web of tariff rules may make it impossible. The average U.S. tariff could rise to nearly 25% if the import taxes Trump put on goods from dozens of countries are fully implemented Wednesday. That would be the highest rate in more than a century, including tariffs widely blamed for worsening the Great Depression. Trump said imposing the tariffs amounted to a 'liberation day' for a country that has been 'looted, pillaged, raped and plundered' by friend and foe alike, insisting it was 'very, very good news' for the U.S. Cohen isn't sure how that can be true for a business like his. 'I can understand bringing manufacturing and bringing things back to America, but you know, we rely on raw materials that just aren't native to our country,' he says. 'And it's not like I can get a green tea Japanese Kit Kat from an American company.' As Cohen stood before mounds of strawberry candies in shiny wrappers and little cubes of caramel in cellophane, the first word of the tariff's concrete impact on him arrived. A French supplier emailed saying it was immediately imposing a 5% surcharge due to the tariffs, expressing regret for the move and hope that 'the situation will be resolved swiftly.' Cohen wore a smile anyway. He wants this to be a happy place for visitors. 'You travel back to a time when nothing mattered,' Cohen says, 'when you didn't worry about anything.'
