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Who is paying the tariffs
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farmer4321
Posted 7/4/2018 19:49 (#6850877 - in reply to #6850714)
Subject: RE: Not if it was speculation.


I don't know but what happens if the buyer bought cheaper US beans, speculating that the tariff would be rescinded at the last minute but had already arranged a back up plan to switch to another destination. If the gamble paid off, they would have an inexpensive cargo of beans to sell into a market primed for expensive Brazilian beans. If not they would still have a cargo of US priced beans to sell at another destination at a competitive price. On one hand they stand to make a windfall, on the other, ordinary profit.
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