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Americans prepare for most expensive July 4 celebration ever

Tariffs and war in Iran have kept food and gasoline prices high as country marks 250th birthday

Every July 4, tens of thousands of people flock to New York’s Coney Island to watch professionals compete to down the most Nathan’s Famous hot dogs as they celebrate US independence.

But as the country gears up for its 250th birthday, the cost of celebrating with hot dogs and just about every other favourite dish will be higher than ever as prices soar on the back of President Donald Trump’s tariffs and the war with Iran.

“Pretty much everything is coming up,” said Stephen Gaffney, a manager at Paul’s Daughter, which sells sausages to lobster rolls on Coney Island’s famous boardwalk. “Food costs are increasing on everything.”

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