Morning Brew Daily Tariffs Ineffective Against US Trade Deficit? & Family Feud Over Reese’s Recipe
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Feb 20, 2026 They unpack why hefty tariffs have not shrunk the U.S. trade deficit and who actually pays for them. A family dispute erupts over alleged recipe changes to a beloved candy. Etsy sells its secondhand marketplace to eBay, sparking investor excitement. Amazon ends a painful nine-day market slide. Geopolitics, AI workplace mandates, and skyrocketing lawyer rates also get quick attention.
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Research Shows Domestic Tariff Burden
- The New York Fed found about 90% of tariff burdens landed on U.S. consumers and businesses.
- That conclusion drew broad agreement from economists across the spectrum despite White House pushback.
Grandson Calls Out Hershey's Recipe Changes
- Brad Reese publicly criticized Hershey for recipe changes and threw out a Reese's Mini Hearts as "not edible."
- Hershey said the original peanut butter cup recipe hasn't changed, but it alters formulas for new shapes and sizes.
Labeling Reveals Real Recipe Shifts
- 'Milk chocolate' labeling follows strict FDA composition rules, so labels matter.
- Some Hershey bars no longer list 'milk chocolate,' signaling real ingredient changes beyond nostalgia.