Tariffs Are Thorny If You're in the Flower Business
The costs of the trade war are becoming more obvious. Take, for example, a florist who talked with Stacey Vanek Smith about the challenges of different levies on different supplies—and how he's passing them along to customers. Plus: The billionaire founder of Rocket Mortgage faces challenges of his own, and the Elon, Inc. podcast takes stock of where the 'first buddy' stands. If this email was forwarded to you, click here to sign up.
Rose is a rose is a rose is a rose, unless you're talking about tariffs. In that case, an Ecuadorian rose is subject to an extra 10% charge from his suppliers, while a rose from Colombia is going to cost him about 20% more, says Jean-Pascal Lemire, owner of Jean-Pascal's Florist in Beverly Hills, California.
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