Needless to say, if domestic production is deficient, global market can in principle readily fill the gap. In the case of beef supply, however, it does not do this efficiently because the Washington maintains a system of tariff-rate quotas (TRQs) and residual 26% tariffs on beef imports above the de minimis quota level. To clarify […]
Trumpian Socialism At Work—Let Them Eat Hamburger! (Part 2)
