- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
“Your blockade does not scare me… I am informed that you’re imposing a 50% import tariff on us; I do the same,” the Colombian President wrote on social media.
“Your blockade does not scare me… I am informed that you’re imposing a 50% import tariff on us; I do the same,” the Colombian President wrote on social media.
Only if those American importers had the foresight to buy coffee, or coffee options, earlier.
What happened now was that American importers and speculators immediately scrambled to buy coffee to avoid tariffs and this drove up global prices.
Oh I see. That makes sense.