Were you aware that sugar costs about 40% more in the US than it does elsewhere in the world?
If you’re just learning that fact, you may now be curious why that is. The answer is simple: Cronyism. The American Sugar Alliance
greases the pockets of politicians lobbies for protective tariffs that benefit domestic producers of sugar. Anyone who imports sugar over a set amount pays a 62% fee. Ouch.
Government interference in the sugar market hurts consumers and food manufacturers by driving up the price of sugar, threatening competitive farmers and ranchers by jeopardizing export growth, and weakening the U.S. economy by diverting resources from more competitive uses. This Depression-era program, which was supposed to end in 1940, has outlived its intended lifespan by 72 years. It should be abolished.
How sweet indeed.