The exporter may sell less to the US, but typically they will then sell the difference into non-US markets, reducing the impost. This is exactly what happened

The exporter may sell less to the US, but typically they will then sell the difference into non-US markets, reducing the impost. This is exactly what happened in a lot of (not all) markets a few years ago, when China tried to intimidate Australia with trade restrictions [1]. When Chine dropped the restrictions, they found that they were now competing with more buyers and so paying higher prices. [1] https://www.ussc.edu.au/chinas-trade-restrictions-on-australian-exports https://www.ussc.edu.au/chinas-trade-restrictions-on-austral...