U.S. sugar import quotas have existed for more than 50 years and preserve about half of the U.S. sugar market for domestic producers. Why does the United States continue to have these quotas?

Question

Quizplus · Accepted Answer

The import quotas exist to reduce competition for the domestic sugar industry. Without the quotas, foreign sugar producers could flood the market with cheaper sugar, causing the U.S. sugar industry to lose market share and potentially go out of business. The quotas provide protection for domestic sugar producers and help them remain competitive.

US Sugar Import Quotas Have Existed for More Than 50