Tariffs pose dilemma for Florida’s tourist-oriented retailers: Raise prices or hold ’em?
For tourists and gift givers, now may be the time to buy those pink flamingos.
If they haven’t already, President Donald Trump’s tariff wars are seeping into the psyches of retailers in South Florida’s tourism industry. Raise prices or not? Order more stuff in advance in the hopes of averting higher tariffs later?
At Bob Roth’s New River Groves on Griffin Road in Davie, a 61-year-old purveyor of citrus, key lime pies and Florida-centric souvenirs, key pricing decisions already have been made, said Lisa Roth, vice president and the founder’s daughter.
“The price of fresh produce is going up,” she said. “For mangos we have to go overseas because our own backyard mangos aren’t ready yet.”
A glance around the business’s expansive layout shows a variety of imported products that are rising in price: from key chains and shot glasses to plastic cups and shopping bags. Even the ingredients for key lime pies — condensed milk, toppings and lime juice — are more expensive, Roth said.