this post was submitted on 27 Jan 2025
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119
Colombia's President Responds to Trump's 50% Tariffs with Counter Tariffs; 'I Will Resist You' (www.latintimes.com)
submitted 1 week ago by [email protected] to c/[email protected]
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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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[โ€“] [email protected] 2 points 1 week 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.

[โ€“] [email protected] 1 points 1 week ago

Oh I see. That makes sense.