Espinosa Premium Cigars announced it will keep wholesale prices unchanged despite a new 10 percent import tariff on cigars from Nicaragua, the Dominican Republic, and Honduras. The decision aligns with a 90-day grace period set by the administration for tariff review.
The company aims to ease the burden on consumers facing economic challenges. “With consumers already under economic pressure, we believe it’s our responsibility to hold the line on pricing,” said Erik Espinosa. Erik expressed hope for a balanced solution in the coming months that supports retailers and cigar enthusiasts.
Espinosa will cover the additional costs during the review period. If the tariffs remain or increase to the proposed 18 percent after 90 days, the company plans to reassess pricing carefully. “Our goal is to support the retailers that support Espinosa Premium Cigars and their consumers who enjoy them, without any unexpected surprises,” Erik added.
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