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Comment by philipallstar | Hacker News Reader

Feelings aside, I was just asking a question because I didn't understand the link.

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.

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

In 2024 (pre-trade-war), the US exported $168M of wine to the EU and $460M to Canada. Any recovery in wine exports to the EU won’t make up for Canadian boycotts.

Numbers for importing California wines went from $540 million, to $40 million in 3, 5 years. For one province alone. And this wasn't a federal decision, this was people telling their provincial government to do it. And they listened.

I’m in the US, and won’t buy booze from red states. I’m really getting to know our local (and also Scottish / Irish) distilleries.

I don’t imagine I’d buy any American imports if I was overseas.

Question: what is the ratio of US wine imported into the EU vs US wine imported into Canada, by dollar value?

Question: what is the percentage increase in tariff amounts on wine between the pre- and post-USMCA state of play between the US and Canada?

Sometimes seeing why something has happened requires considering wider context, which is why it's usually good for a nation to ensure primary education includes solid economics, history, media literacy, etc curricula.

I'll give my own personal reasons, our interest rates were going down.. Trump decides to start a trade war, then the central banks get a bit worried, then Trump decides to go to war with Iran.. now the central banks are increasing interest rates, as the future is uncertain.

His whole rhetoric is America should make more stuff right... Well, we can certainly stop buying that stuff since the choices he's made have hurt us. I'd prefer to buy closer to home thanks.

Not the only one I'm guessing.

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