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I would happily pay 38% extra for high quality Tunisian olive oil, it is already super undervalued because it's reputation is lower than it should be. It's got

I would happily pay 38% extra for high quality Tunisian olive oil, it is already super undervalued because it's reputation is lower than it should be. It's gotten so bad that Tunisian olives are shipped to Italy, pressed into oil, and labelled as Italian Olive oil.

xxX6hacke9rXxx 2y ago
Except none of that 38% extra in price is going to the farmers. It's a tax not extra profit for the producer. Crazy how many people still do not know how tariffs work.
- jimmydorry 2y ago
  You may want to re-read GP's comment because they did not indicate whether they cared if the 38% went to the government or the farmer. Reading their comment as written, they simply said they would happily pay the tariff to continue enjoying Tunisian olive oil. It's "crazy" of you to imply they don't understand how a tariff works when you're the one mis-reading what they wrote.
  - xxX6hacke9rXxx 2y ago
    I did not misread. He used `undervalued` which implies that there is a difference between quality of the product and its price. Slapping on 38% tax to Tunisian olive will undermine this value proposition without improving the producer or the consumers product experience. If anything the relative price (due to the repetitively high tariffs on Tunisia vs Italy) will ruin the value to price ratio that attracts GP to the Tunisian olive oil. Moreover, his use of the word 'happily' suggests he is not aware of the negative consequences for both the Tunisian exporter, who may have to lower prices or even reduce product quality standards to compete with the now relatively similar-priced Italian olive oil, and the American consumer, who ends up paying more without any improvement in value. Why would someone be happy with a price increase if it is not helping the producers of the good (which his comment implies he is sympathetic to) or adding any value?
    - mkoubaa 2y ago
      You misread. 15 dollars for a liter of my favorite Olive Oil is a trade I would happily make. I didn't say I was happy that the price increased, nor did I say that I am happy about the tariff, nor did I say that I happy relative to how I felt about the trade last week.
      - xxX6hacke9rXxx 2y ago
        In a thread about tariffs, praising the value of Tunisian olive oil and lamenting the rough state of its producers while saying you’d happily pay the tax increase it seem like you misunderstand what tariffs will actually do. Based on the reception of my initial comment, I am not the only one who came to that conclusion. Thanks for clarifying your position.
- mkoubaa 2y ago
  What did I write that gave you the impression that I don't know this?
xxs 2y ago
If anything those Tunisian folks would have to reduce the price to compete. The tariffs go straight to the US coffers at the customs, nothing to do with the farmers.
flawn 2y ago
https://www.oxfordeconomics.com/resource/tariffs-101-what-are-they-and-how-do-they-work/ https://www.oxfordeconomics.com/resource/tariffs-101-what-ar...

xxX6hacke9rXxx 2y ago

Except none of that 38% extra in price is going to the farmers. It's a tax not extra profit for the producer. Crazy how many people still do not know how tariffs work.

jimmydorry 2y ago
You may want to re-read GP's comment because they did not indicate whether they cared if the 38% went to the government or the farmer. Reading their comment as written, they simply said they would happily pay the tariff to continue enjoying Tunisian olive oil. It's "crazy" of you to imply they don't understand how a tariff works when you're the one mis-reading what they wrote.
- xxX6hacke9rXxx 2y ago
  I did not misread. He used `undervalued` which implies that there is a difference between quality of the product and its price. Slapping on 38% tax to Tunisian olive will undermine this value proposition without improving the producer or the consumers product experience. If anything the relative price (due to the repetitively high tariffs on Tunisia vs Italy) will ruin the value to price ratio that attracts GP to the Tunisian olive oil. Moreover, his use of the word 'happily' suggests he is not aware of the negative consequences for both the Tunisian exporter, who may have to lower prices or even reduce product quality standards to compete with the now relatively similar-priced Italian olive oil, and the American consumer, who ends up paying more without any improvement in value. Why would someone be happy with a price increase if it is not helping the producers of the good (which his comment implies he is sympathetic to) or adding any value?
  - mkoubaa 2y ago
    You misread. 15 dollars for a liter of my favorite Olive Oil is a trade I would happily make. I didn't say I was happy that the price increased, nor did I say that I am happy about the tariff, nor did I say that I happy relative to how I felt about the trade last week.
    - xxX6hacke9rXxx 2y ago
      In a thread about tariffs, praising the value of Tunisian olive oil and lamenting the rough state of its producers while saying you’d happily pay the tax increase it seem like you misunderstand what tariffs will actually do. Based on the reception of my initial comment, I am not the only one who came to that conclusion. Thanks for clarifying your position.
mkoubaa 2y ago
What did I write that gave you the impression that I don't know this?

xxs 2y ago

If anything those Tunisian folks would have to reduce the price to compete. The tariffs go straight to the US coffers at the customs, nothing to do with the farmers.

flawn 2y ago

https://www.oxfordeconomics.com/resource/tariffs-101-what-are-they-and-how-do-they-work/ https://www.oxfordeconomics.com/resource/tariffs-101-what-ar...