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Reuters

Tariffs threaten Colombian flower industry amid Valentine's rush

Reuters · 2 months ago
Reuters
Reuters
2 months ago

Colombian flower growers shipped 65,000 tons of fresh cut flowers to the United States for Valentine's Day amid mounting economic pressures that threaten the industry's survival, according to trade association Asocolflores.

Breakdown
  • Millions of Colombian roses shipped to U.S. for Valentine's Day
  • 10% U.S. tariff imposed in April impacts Colombian flower exports 34s
  • Tariff, strong peso, and rising wages squeeze industry margins 49s
  • Industry warns of possible layoffs and farm closures by summer 1m 22s
  • Flower cultivation employs nearly 250,000 workers in Colombia 1m 42s
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