• UnderpantsWeevil@lemmy.world
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    3 months ago

    There’s no federal sales tax, but there are a host of tariffs on imports and regulations on what foreign merchandise can be sold domestically.

    We can’t, for instance, buy sugar from Cuba or beef from Mexico. Some of these rules are precautionary (prevention of the spread of foot & mouth) while others are purely political (sanctioning a country’s economy to force a policy reform).

    But they all result in higher food costs at home, to the benefit of the domestic agricultural industry.