

Practical example.
I know this winery that usually exports nearly 95% of their production to the US. The owner spent a few decades there and made some contacts.
Last year, they had some problem with the american market and were forced to search for other venues.
They dropped their prices, opted to sell to our national market and did pretty much the same revenue they would have done exporting.
Exporting to the US is often the thirst for easy profit. Products that sell here for cents can be sold at a premium in the US, as it is the de facto luxury hungry market. Doesn’t really matter if it good; if is it expensive, it means it’s good.
Portugal mostly exports food goods to the US. I think cork, some clothing and shoes and some other items make up the basket, but in way lower quantities.
I’ve seen cheese and wine that are considered run of the mill here sold for ten times more in the US market. Which I consider theft.
This entire situation gets uglier the deeper we dig.
I followed the link of a video here on Lemmy just a few minutes ago and it opened in the browser.
Nothing shocking up to this point.
Then I get a prompt from the video saying “Ready to buy products advertised in the video? Log into the official app in order to.”
Direct purchase through the YT app is a novelty for me.
Newpipe all the way.