Categories: PERSONAL FINANCE

Flowers for Mother’s Day may be more expensive due to Trump’s tariffs

With Mother’s Day approaching, you may be looking to buy a bouquet of flowers — and prices could be higher due to tariffs enacted by President Trump. 

“We’re going to do the best we can to sort of keep those prices where they need to be. But people can definitely expect to be paying a little bit more,” said Jody Costello, a florist in Royal Oak, Michigan.

While Mr. Trump paused hefty tariffs he announced in early April for 90 days, a 10% baseline tariff on all U.S. imports is in effect.

About 80% of flowers bought in the United States are grown elsewhere. Last year, the U.S. imported $2.2 billion worth of cut flowers and greenery, the bulk of which came from Colombia and Ecuador, according to U.S. Census Bureau data.

“The fact that they can grow year-round gave them a natural advantage,” said Kate Penn, CEO of the Society of American Florists.

Penn said domestically, small growers — many of whom have an acre or less — have flourished since the COVID-19 pandemic, selling at farmers’ markets and to a blossoming wedding industry.

“The consumer does want to buy local, especially brides,” she said. “They love to be able to have local flowers featured.” 

But even small growers like Moonshot Farm in East Windsor, New Jersey, aren’t immune to the fallout from tariffs.

A shopper carries a floral arrangement as a Mother’s Day gift in downtown Los Angeles, California.

Getty Images


Moonshot Farm owner Rebecca Kutzer-Rice said some of the bulbs she uses to grow flowers are imported from Italy and Holland. She just received her first few shipments to be hit with the 10% tariffs. 

“We’re estimating it could cost our small business anywhere from $40,000 to $50,000 a year, which for a small farm is almost the equivalent of like a salary of another employee,” she said.

Some florists say they’ll try not to pass on costs to customers. 

Mistine Boren, a florist in Austin, Texas, told CBS affiliate CBS19, she’s waiting until after Mother’s Day to decide if she’ll raise prices. 

“It’s tough,” she said. “Our margins are so thin already, and especially when it comes to buying fresh flowers, it’s a big splurge and expense for people.”

Boren said she’s also trying to source more wild, local flowers to avoid the tariffs. 

Consumers may just need to be a little more flexible about what types of flowers they buy, but they can still get quality bouquets, Penn said. 

“There literally are countless substitutions and florists are just masters at creating something that’s still gonna make a big impact,” she said.

contributed to this report.

Source link

freshblognews

Share
Published by
freshblognews

Recent Posts

Steph Curry leaves Warriors’ series opener vs. Timberwolves with hamstring injury

Golden State star Stephen Curry exited in the second quarter of the second-round series opener…

34 minutes ago

For second time in 8 days, U.S. fighter jet assigned to USS Truman is lost in Red Sea

For the second time in just over a week, an F/A-18E Super Hornet fighter jet…

41 minutes ago

Yankees' Austin Wells hits grand slam in win against Padres

Austin Wells hit a grand slam in the New York Yankees' 12-3 win against the…

1 hour ago

Trump administration helps Venezuelan opposition team flee to U.S.

A group of Venezuelan opposition members who sought refuge in the Argentine Embassy in Caracas…

1 hour ago

Blue city mayor says ICE arrests are not ‘focused on making us safer’

U.S. Immigration and Customs Enforcement (ICE) conducted operations in Nashville this week, resulting in the…

1 hour ago

With a Pace Gallery Show, Robert Mangold Demonstrates His Consistency

The abstract artist Robert Mangold has been so remarkably consistent and disciplined with his approach…

1 hour ago