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Colombia's President Responds to Trump's 50% Tariffs with Counter Tariffs; 'I Will Resist You' (www.latintimes.com)
submitted 2 years 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 2 years ago

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 2 years ago

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 2 years ago

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 2 years ago

Oh I see. That makes sense.

[-] Maeve@kbin.earth 1 points 2 years ago

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

[-] koper@feddit.nl 2 points 2 years ago

What did the deported people win?

[-] redisdead@lemmy.world 2 points 2 years ago

They're no longer in the USA

[-] KickMeElmo@sopuli.xyz 0 points 2 years ago

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

this post was submitted on 27 Jan 2025
120 points (94.1% liked)

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