-
UK'S King Charles breaks precedent to reveal £30 mn paid in taxes since 2022
-
Nasdaq falls again on mixed day for US stocks, oil prices rise
-
Yoon grabs early Women's PGA Championship lead with Korda in hunt
-
France squad look to do grieving Deschamps proud in final World Cup group game
-
Will Taylor Swift and Travis Kelce wed in New York? Clues abound
-
Mayweather's Athens fight with Zambidis is off: report
-
Lawyer says Vondrousova 'should appeal' against four-year ban
-
Alonso committed to Aston Martin, but keeping options open
-
Hospitals raise alert as heatwave slams Europe
-
Events cancelled, records loom as heatwave reaches Germany
-
'Alligator Alcatraz' detention center shuts in US: official
-
Czech striker Schick ends international career
-
Tennis great Evert says 'relentless' cancer has returned
-
US says wants deal with Iran, but not 'at any price'
-
Colombian president-elect gives armed groups one month to surrender
-
US Supreme Court hands win to Bayer in weedkiller litigation
-
New Zealand's Latham and Conway pile on the runs before Stokes breakthrough
-
Apple raises prices for MacBooks and iPads, as costs soar over AI
-
Dominant Osaka sails into Bad Homburg semis
-
UK suffers as heat breaks new June record
-
US Supreme Court says asylum seekers can be turned away before border
-
Binance to suspend crypto services in several EU countries
-
Olivia Wilde looks at evolving relationships in 'The Invite'
-
Hamilton reveals neck injury that hampered debut year with Ferrari
-
Rows, drones and 'sorry' Son as South Korea await World Cup fate
-
Noosha Aubel and Dietmar Woidke: How Potsdam Is Letting Down a Young Child with Profound Disabilities
-
Antonelli welcomes Mercedes upgrade as Russell says beware Hamilton
-
Greek families receive keepsakes of Holocaust victims
-
Antonelli welcomes Mercedes upgrade ast Russell says beware Hamilton
-
Easyjet rejects latest takeover bid but leaves door ajar
-
HRW denounces Turkey arrests ahead of NATO summit
-
Macron hosts Meloni for Riviera talks after Trump rift
-
Alonso committed to Aston Martin, but is keeping options open
-
US Supreme Court paves way for mass deportation of Haitians, Syrians
-
Venezuelans trapped alive after twin quakes kill at least 164
-
South Africa vows firm response to anti-migrant violence
-
New Zealand make England toil as Stokes returns for series decider
-
Poland, Ukraine hold key Gdansk conference without Zelensky
-
Americans impacted by climate change demand answers from lawmakers
-
Massive police deployment blocks Kenya protest anniversary
-
Heat-struck Italians cool off in ancient stone 'trulli'
-
Court orders TotalEnergies to account for clients' emissions
-
French teaching unions call strike over 'unacceptable' heat
-
Stocks rally on renewed AI optimism, oil price declines
-
US Fed's preferred inflation gauge hits fresh three-year high
-
Venezuela twin quakes kill at least 164 with many trapped under rubble
-
Dominant Osaka cruises into Bad Homburg semis
-
IOC votes to continue ski mountaineering for 2030 Games
-
New Zealand frustrate England as Stokes returns for series decider
-
Stocks rally on AI optimism after Micron's blowout forecast
Taiwan's orchid growers dig in as US tariffs shoot up
Since the start of US President Donald Trump's global trade war, Taiwanese orchid grower Lee Tsang-yu has watched tariffs on his seedlings shoot from nothing to 20 percent.
But, after weathering many economic crises, the 61-year-old seasoned farmer is digging in.
Lee is cultivating new markets in Thailand and expanding in Vietnam, Indonesia and Brazil, while cutting back shipments to the United States.
"The US is such a huge market, we can't pull out, and we won't," said Lee, whose company, Charming Agriculture, operates four rugby field-sized greenhouses in Houbi, a district of the southern city of Tainan.
Taiwan's more than 300 orchid growers rank among the world's biggest producers of the thick-leaved plants, with Phalaenopsis orchids, also known as moth orchids, dominating exports.
The island's orchid shipments reached NT$6.1 billion (US$204 million) in 2024, with about NT$2 billion worth of plants sent to the United States, its biggest market, official data shows.
Until now, most growers have been absorbing the cost of the 10 percent tariff that Trump slapped on nearly every trading partner in April, said Ahby Tseng, 53, secretary-general of the Taiwan Orchid Growers Association.
But "no one can bear" all of Trump's temporary 20 percent levy on Taiwan announced last week, he said.
Tseng said Taiwan's main rival in the United States was The Netherlands, which has been hit with a relatively lighter 15 percent tariff.
The five percentage point difference is significant, he said.
"It is actually very difficult to immediately pass the cost on to consumers because consumers can choose not to buy, or they can choose to buy other types of flowers," Tseng said.
And stockpiling orchids in a warehouse wasn't an option given that the plants "keep growing".
While the higher tariff would erode his bottom line, Lee said he was more concerned about the general state of the US economy since Trump took office.
"Everything has become more expensive in the US, and consumer spending is shrinking -- that's what worries me," he said.
"Since late May, we've already cut shipments by 15 percent. Before that, the US accounted for 45 percent of our exports."
Lee said he was optimistic his efforts to expand into other markets, though slow and not always as lucrative, would "gradually offset this impact".
Taiwan's orchids also had a competitive edge, he said -- their flowers could last longer than Dutch plants.
And, he reasons, "Trump won't be president forever."
A.O.Scott--AT