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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 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.