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Colombia's President Responds to Trump's 50% Tariffs with Counter Tariffs; 'I Will Resist You' (www.latintimes.com)

submitted 1 year ago by Lemmynated@lemmy.zip to c/world@quokk.au

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"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.

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[–] alvvayson@lemmy.dbzer0.com 15 points 1 year ago (3 children)

This whole adventure does seem like a win-win though.

Trump and his supporters won because Trump convinced them he got them something.

Colombia won because they didn't have to actually give away anything, but coffee prices did rise even further. If they can get 25% more for their coffee, then that's a cool extra billion on a $4B export.

BRICS also won because they are quickly becoming a more attractive trade organization than the WTO.

I guess only coffee drinking American libs got owned.

[–] NoneOfUrBusiness@fedia.io 8 points 1 year ago (2 children)

Colombia won because they didn't have to actually give away anything, but coffee prices did rise even further. If they can get 25% more for their coffee, then that's a cool extra billion on a $4B export.

I doubt it'll be Colombia getting these profits. It seems more likely that American importers will pocket the difference.

[–] alvvayson@lemmy.dbzer0.com 2 points 1 year ago (1 children)

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.

[–] NoneOfUrBusiness@fedia.io 1 points 1 year ago

Oh I see. That makes sense.

[–] Maeve@kbin.earth 1 points 1 year ago

Guess after my Colombian stash runs out, I'll find something different.

[–] koper@feddit.nl 2 points 1 year ago (1 children)

What did the deported people win?

[–] redisdead@lemmy.world 2 points 1 year ago

They're no longer in the USA

[–] KickMeElmo@sopuli.xyz 0 points 1 year ago

As a coffee-drinking American lib, I drink Rwandan anyway. Bring it on.