Episode 210 Tea is traded in bulk at low tariff rates. Tea-producing countries often erect high barriers to protect their local industries and negotiate free trade agreements with countries where the tea is blended and packed. These norms are expected to be abandoned on April 2 when the US imposes reciprocal duties at rates on par with exporters—retaliatory tariffs are likely to follow. Every tea drinker in the US will take a hit because importers will pay a much higher rate passed on t

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