07-12-2023, 08:11 PM
(07-12-2023, 08:01 PM)Belsnickel Wrote: I found this: https://ustr.gov/countries-regions/europe-middle-east/europe/european-union#:~:text=U.S.%20total%20imports%20(general)%20of,vegetable%20oils%20(%241.3%20billion).
Beer, wine, and olive oil are considered essentials in some households!
Another example of the US economy not existing in a vacuum. Shortages in Europe will mean they have to replace those products with imports putting extra demand on the rest of the supply of that product. Shortages in the US mean we import more at higher prices
We saw the impact of the worldwide avian flu that decimated the domestic and international poultry/egg markets. Wildfires in NAPA impacting the grape crops impact domestic wine prices.
A fungus destroys the advocado crops and the price goes astronomical
A war in Ukraine impacts the wheat farmers...European prices soar which means prices in the US soar to make up for that shortage
Drought in California's central valley impacts vegetable prices
Hurricanes damage Florida's orange crop...prices go up.
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