1. An article in Forbes (January 18, 2017) reported that: The United States (U.S

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1. An article in Forbes (January 18, 2017) reported that: The United States (U.S.) is the fifth largest sugar producer and fifth largest consumer of sugar in the world. The U.S. sugar industry has enjoyed trade protection since 1789 when Congress enacted the first tariff against foreign-produced sugar. Since then, the U.S. government has continued to provide trade support and protection for its domestic sugar industry. The framework for the current U.S. sugar program has its roots in the so-called "Farm Bi enacted in 1990. The farm bill is the primary vehicle for setting U.S. sugar policy and that policy is currently based on three main pillars: price support through preferential loan agreements, domestic market controls and tariff-rate quotas. In fiscal year (FY) 2013, Americans consumed 12 million tons of refined sugar, with the average price for raw sugar 6 cents per pound higher than the average world price a. What groups in the U.S. benefit from the U.S. trade restrictions on sugar? b. How do these groups benefit? c. What groups in the U.S. are harmed by the U.S.trade restrictions on sugar? d. How aethse groups harmed? e. What groups outside the U.S. are affected by the U.S. trade restrictions on sugar? f. How are these groups affected? g. If there are far more sugar consumers in the U.S. than sugar producers, then why do these trade restrictions continue, i.e. why don't consumers exert political pressure on Congress to remove the restrictions?

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