This Is How Much Americans Pay for Sugar Protectionism: Chart
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With talk of border tariffs, it’s worth considering who ends up paying for protectionism. The U.S. sugar industry enjoys quotas limiting imports from countries including Mexico. Raw-sugar futures that serve the needs of U.S. producers closed Friday in New York at 29.1 cents per pound, 43 percent higher than the futures used by the rest of the global industry.