As the holiday season approaches, Americans are bracing themselves for the most expensive celebrations in history. A perfect storm of inflation triggered by former President Donald Trump's tariffs and the war with Iran is expected to send prices soaring for festive gatherings. The tariffs imposed by Trump on imports have already driven up costs for everyday goods, while the ongoing conflict with Iran has further exacerbated supply chain disruptions, leading to shortages and price hikes for essential items. As a result, families and businesses are facing a daunting prospect: hosting or attending holiday parties will come at a higher cost than ever before, with some experts warning that prices may rise by as much as 10% or more.
Inflation triggered by Donald Trump’s tariffs and Iran war set to make holiday parties most expensive ever
