| ▲ | Borealid 27 minutes ago | |
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. | ||