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Borealid • yesterday at 10:18 PM • 1 reply • view on HN

Countries other than the US have, for reasons that you may choose to find mysterious, imposed tariffs on products exported from the US.

Tariffs raise the consumer-visible price of those goods. This then, due to demand elasticity, causes consumers in those non-US countries to buy fewer of those products.

Some impact may be badwill as well but quite a bit is first-order impact of second-order tariffs.


Replies

mc32 • today at 1:20 AM

That seems odd since the EU lowered tariffs on US ag products. They also took back some previous retaliatory tariffs that were in place.

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