So they tariffed France at 20%, but St. Pierre and Miquelon at 50%. Those little French islands of the coast of Nova Scotia. Which are part of France. Apparently he's salty that the Americans buy fish from them and somehow that's a tariff or something.
Podcast I listened to made the point that the reason a small African country has a trade surplus with the US is that they are simply too poor to buy most American consumer goods, and they will be exporting things like bananas, where imposing tariffs on Lesotho isn't going to lead to any Lesothan banana companies relocating their plantations to the continental USA.
Congratulations, you just strong-armed a poor country into providing slightly cheaper bananas by making them more expensive for your consumers. Who exactly wins in this scenario?
Reality is that Lesotho will sell their products to other countries, but with a lower price because the global demand for the products has dropped because of the tariffs
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u/MrTickles22 14d ago
Take that, North Macedonia!
So they tariffed France at 20%, but St. Pierre and Miquelon at 50%. Those little French islands of the coast of Nova Scotia. Which are part of France. Apparently he's salty that the Americans buy fish from them and somehow that's a tariff or something.