His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
No of course he doesn’t care as it doesn’t affect him. He is rich and don’t give a single fuck about anyone but himself. The whole giving him a chance to negotiate is also BS. China and other countries will never pay these tarrifs and therefore it will be more expensive because the cost will be higher for the end consumer
The do pay if their are products of the same type, eg. one is Chinese with the tarrifs priced in, the other from a country without that tariff on it. Consumers will choose the cheaper option over the Chinese tarrifed version (resulting in less sales).
Producers in china then report lower sales in the American market, putting pressure on their government.
So although the cost is theoretically paid by consumers it is still a form of pressure (depressed sales) on the producer. That’s what I meant in seeing it as a possible negotiating tool.
The left/right political narrative is elsewhere though, not in a place that is about investigating these angles of understanding. That’s okay. I accept that.
That’s not how it works. Other products will also become more exspensive as a result. The competitors will not hold back on the prices.
That’s a different topic with various factors involved… But generally pricing someone out can keep a competitor off shelves. Most companies want to secure marketshare.
This is not the same as what happened during covid, which effected the whole of the domestic market at once. Obviously tariffs on specific importants is a different effect than that.
