Small businesses face challenges as tariffs soar to 145%, impacting local florists and triggering price hikes across the U.S.

Nearly 35 million small enterprises face challenges from tariffs as high as 145%, while 80% of cut flowers come from overseas, driving prices up significantly for local florists.

Sources:

Updated 5m ago

The Headline

Small Businesses Adjusting to Tariff Challenges

Thirty percent of small business owners surveyed by the National Federation of Independent Business in March said they planned to increase prices.

Small Business Owners

Price range of a single rose post-tariff

$1.89 to $2.44

Percentage of cut flowers imported

80%

Key Facts

Local florists are raising prices significantly due to increased tariffs, with price of a single rose increasing from 65 cents to a range of $1.89 to $2.44.
80% of cut flowers in the United States come from overseas, exposing them to tariffs and significantly impacting local florists.1

Public Sentiment on Tariffs and Economic Impact

High tariffs on China and other key trading partners will have the most impact on Americans who rely on less-expensive goods.

Daniel Hornung

National Economic Council Deputy Director

Percentage of U.S. adults believing Trump's policies hurt the economy

60%

Percentage of U.S. adults believing tariffs will increase prices

89%

Key Facts

59% of Americans believe policies implemented by President Trump are negatively affecting the economy.
Trump's trade war has raised concerns about inflation and increased costs for consumers amid a fluctuation of public sentiment.

Background Context

Impact of Tariffs on Small Business Operations

Number of smaller enterprises affected by tariffs

35 million

Percentage of small business owners planning to increase prices

30%

Key Facts

Baseline 10% taxes on all imported goods have made business operations challenging for nearly 35 million smaller enterprises in the U.S.
Tariffs as high as 145% now apply to goods from China, causing significant strain on small businesses relying on imports.

Small businesses face challenges as tariffs soar to 145%, impacting local florists and triggering price hikes across the U.S.

Small Businesses Adjusting to Tariff Challenges

Related Videos

Public Sentiment on Tariffs and Economic Impact

Impact of Tariffs on Small Business Operations

Source Citations

Small businesses face challenges as tariffs soar to 145%, impacting local florists and triggering price hikes across the U.S.

Small Businesses Adjusting to Tariff Challenges

Related Videos

Public Sentiment on Tariffs and Economic Impact

Impact of Tariffs on Small Business Operations

Other Facts in these Reports

Source Citations