2w ago

[German] “I don’t give a damn if Americans buy or not.”

www.heute.at Zotter: "Ob die Amis kaufen, das ist mir scheißegal" | Heute.at

Zoll-Krieg: Zotter sieht Chancen für Europa. Trotz Trumps Strafzöllen bleibt der Schoko-König optimistisch und setzt auf den europäischen Markt.

Article is in German; it’s an interview with the head of Zotter (an Austrian chocolatier). Also in the article: “We don’t dare invest in the US any more. The uncertainty is too great. Every additional 1% makes the chocolate more expensive, and ultimately someone has to pay for it.”

4 comments

FYI heute.at is an awful tabloid that basically does free advertising for the far right. Take anything written in there with a mountain of salt.
- Great tip - I was unaware

Is he using his company to invest or his own pocket? Is this saying he passes on bad investment risk to his customers?

Yes they will have to find someone else to sell it to at a price he is satisfied with. Question is do Europeans and Austrians want it and can they afford to buy it?
Why were they exporting to US in the first place? Because it was the only way to realize the profits they desired. If Europeans had enough money they would prefer selling to Europeans in the first place.
I mean yeah the tariffs will damage the U.S. However, EU shouldn't act like Exports don't support employment.