date:Dec 20, 2018
of production. The result was a flood of super-cheap sugar onto world markets that depressed prices still further a vicious cycle that put domestic producers at a perpetual disadvantage.
To make matters even more complicated, the tariff had spurred a dramatic expansion of sugar production in U.S. territories and possessions like Puerto Rico and the Philippines, both of which could easily produce sugar more cheaply than domestic producers and did not have to pay a tariff.
The Tariff Commissio