Other places besides Colombia to buy coffee. Other countries can step up production, you do understand alternate producers will step up to fulfill demand if a product can be made at a profit. Plenty of land exists in other countries with equal or better product for the market to correct a temporary imbalance.
Brazil has stepped up production And we currently have a surplus in coffee. Do you even understand supply and demand curve and needing a market at a price point that allows a profit in a market with more supply than demand? Do you understand what pricing yourself out of the market in the U.S. would do?
I did the research. Makes Trump’s move even more brilliant.
Trump knew this and his economic advisors know this. They had Colombia over an economic barrel. The odds of a 25% tariff under current market conditions of excess supply combined with the ability of other countries to easily step up production means the chance of Americans seeing an increase in the cost of coffee very slim with the tariff. Temporary at best. Colombia would lose market share and profits would transfer to other countries at the same margin in a buyers market, or slightly better margins at market equilibrium.
Excellent coffee is grown all over the world.
Colombia is not a monopoly when it comes to coffee. They caved fast because economically it would have been devastating and Americans would not have seen a sustained price increase in their Coffee. Unless you were hell bent on paying more for a product, a product you can buy cheaper from another country that is just as good or better.
Your Hamas education betrays you.