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A tariff on sugar primarily benefits domestic sugar producers by protecting them from foreign competition, allowing them to maintain higher prices and potentially increase their profits. Additionally, it can provide government revenue from tariff collections. However, consumers may face higher prices for sugar and sugar-containing products, which can lead to reduced consumer welfare. Overall, while domestic producers gain, the broader economic impact tends to be mixed.
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The US caused an economic crisis in cuba by?
passing a tariff on sugar
What tariff tariff passed in 1890 demonstrated the Hawaiian economy's dependence on?
The McKinley Tariff, passed in 1890, highlighted Hawaii's economic dependence on the United States by removing the duty-free status of Hawaiian sugar. This legislation led to a significant decline in sugar exports from Hawaii, which had relied heavily on American markets. As a result, the economic pressure contributed to the push for annexation to the U.S. to restore favorable trade conditions for Hawaiian sugar producers.
What action led weathly planters in Hawaii to fear?
the imposition of a new u.s. tariff on Hawaiian sugar
What action led wealthy planters in Hawaii to fear that their sales and profits would decrease?
the imposition of a new U.S tariff on Hawaiian sugar.
What is a tax placed on goods from another country to protect the home industry?
protective tariff
A 50 percent tariff on sugar to keep domestic sugar producers in business?
Protective tariff... Apex :)
Which tariff upset the Cuban sugar economy in the mid 1890s?
The Wilson Gorman Tariff.
What is a sugar tariff?
A tax charged by the Federal Government on imported sugar.
What about the sugar tariff in the US is correct?
One correct fact about the sugar tariff is that the U.S. government can sell excess sugar to ethanol producers at a significant loss. This is part of a program to protect the sugar market.
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
How did Hawaiian sugar planters plan to avoid the tariff when it was reinstated in the early 1890's?
The planned to have Hawaii annexed to the United States to get around the import tariff on foreign sugar.
When a tariff was passed in 1890 what did the Hawaiian economy have to depend on?
Sugar
What has the author J Russell written?
J. Russell has written: 'The sugar duties' -- subject(s): Sugar trade, Tariff on sugar
The US caused an economic crisis in cuba by?
passing a tariff on sugar
Group of companies that lobbied to keep tariff protection for its product?
"The sugar trust"
The government puts a high tax on sugar made in other countries?
Tariff
What has the author Frank Clifford Lowry written?
Frank Clifford Lowry has written: 'Our high tariff on sugar from the consumers' standpoint' -- subject(s): Beet sugar industry, Sugar trade, Tariff 'The man in the streets looks at the peace' -- subject(s): International law, Peace
