this post was submitted on 18 Oct 2024
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Explain Like I'm Five

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[–] WhiteOakBayou@lemmy.world 4 points 2 weeks ago

Sugar is a great example. The American sugar (and select other ag industries) are deemed to be essential so the government is okay with allotments and price supports. This doubles our price domestically. Tariffs do not make anything cheaper absolutely only relatively.