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Current Events » in reply to More tariffs, less "free" trade for US

Re: More tariffs, less prosperity

Just saw a news item on TV on the sugar tariffs and trade barriers that make regular sugar twice as expensive here as everywhere else.

A considerable number of candy companies are moving out of the country because of this. Why aren't those jobs as important as those of local sugar growers?

And of course, the Poster Boy of corporate welfare, Archer Daniels Midland, who controls a big chunk of the corn syrup industry (a competitor for sugar), is also happy as a clam about the sugar barriers. Ever wonder why everything has corn syrup in it instead of cane or beet sugar?

Those familiar with libertarian scholarship know that the Hawley-Smoot tariffs of 1930 are blamed for increasing the crushing effects of the Depression in the world, but I also found this paper, which at least partially lays another world crisis point at the feet of tariffs.

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