00:00Are artificial Christmas trees a better deal than the real thing?
00:03Maybe not thanks to tariffs.
00:05About 85% of the 20 million or so Christmas trees being sold in the U.S. annually are artificial,
00:11and of those, about 90% are made in China.
00:14Prices were thrown into turmoil earlier this year when the Trump administration announced tariffs on Chinese imports,
00:20including a threat of 145% duties.
00:23Now prices for artificial trees are up 10-15% according to industry leaders.
00:27Prices for natural trees appear to be mostly unaffected by the trade wars
00:31since the bulk of imports coming from Canada are exempt from tariffs.
00:35But for those set on an artificial tree,
00:37the CEO of the National Tree Company warned Fortune that the tariff uncertainty could continue to cause chaos next year.
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