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Imagine an American and Canadian company both make widgets for $10. You slap a 25% tariff on the Canadian one and it’s now $12.50. What does the American company do? Sell theirs for $11.50. You’ll still buy the cheaper one but you’ll pay more. And oh no, look, it’s made with materials sourced from Canada raising their input costs. So now they put it to $12 and they actually don’t make any extra profit, you just pay more. Congratulations, you “won” the game of tariffs, by losing *slightly* less than the other guy, who happens to be your closest ally and trade partner. Good job!

https://x.com/adamscochran/status/1886155426032755177

The H.B. Reese Candy Company was established in 1923 by H. B. Reese in Hershey, Pennsylvania. The official product name was "Penny Cups" because they could be purchased for one cent. Reese had originally worked at a Hershey dairy farm, and from the start, he used Hershey chocolate in his confections. Reese's Peanut Butter Cups were his most popular candy, leading Reese to eventually discontinue his other lines. Reese died in 1956, passing the company to his six sons, Robert, John, Ed, Ralph, Harry, and Charles Richard Reese. On July 2, 1963, the Reese brothers merged the H. B. Reese Candy Company with the Hershey Chocolate Corporation in a tax-free stock-for-stock merger. In 1969, Reese's Peanut Butter Cups became the Hershey Company's top seller.

https://en.wikipedia.org/wiki/Reese's_Peanut_Butter_Cups

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