Word: tariffs
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Dates: during 1960-1960
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...under which Cuba supplies one out of every three teaspoons of sugar used in the U.S., and at the premium price of about 5? per lb. v. 3? on the free market. This subsidy of $180 million a year to Cuba was once balanced by Cuba's preferential tariff rates. Now Cuba has raised tariff walls 30% to 100%, cutting back its imports from the U.S. by $156 million last year (to $390 million...