4 ms·
The US produces the 5th most peanuts of all the countries in the world (interestingly, Sudan makes more). It may be a commodity but it’s a local one that doesn’
by opportune 3y ago
The US produces the 5th most peanuts of all the countries in the world (interestingly, Sudan makes more). It may be a commodity but it’s a local one that doesn’t have to be internationally shipped or be taxed via tariffs. Also, in the US we don’t have VAT and apply sales tax post-hoc, so comparing store prices is really skewed by that.
- inglor_cz 3y ago"doesn’t have to be internationally shipped or be taxed via tariffs" I agree with the taxation (duties), but actual shipping overseas is dirt cheap. It is more expensive to move your cargo overland by a truck than to move it to the other side of the world using a cargo ship. The cost difference between moving a container of peanuts from Alabama to San Francisco and moving it from Alabama to Sydney is surprisingly small.