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.
alt Hacker News
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.