The article discusses the impact of tariffs and trade barriers on U.S. industries, particularly how they protect specific sectors while negatively affecting prices and market dynamics. With President Trump's proposed tariffs, historical examples, like the sugar industry, illustrate this duality. Domestic sugar production, protected since the 1980s, results in Americans paying nearly double the global price. While this protection benefits local producers minimally, it creates significant cost issues for other industries, such as candies and sweets, which rely heavily on imported sugar to remain competitive in pricing.
"If you go to the supermarket and buy five pounds of sugar, this is not going to break your food budget, but if you're producing candy and your main ingredient is sugar, this is a big deal."
"Trade barriers can prop up domestic industries, but they also raise prices, distort markets and leave the U.S. vulnerable when home-grown supplies run short."
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