Sugar war between Mexico, U.S. threatens broader trade relations

[Judi Lynn]

Sugar war between Mexico, U.S. threatens broader trade relations

Source: McClatchy News

Sugar war between Mexico, U.S. threatens broader trade relations
By Tim Johnson
McClatchy Foreign Staff
April 28, 2014 Updated 5 hours ago

MEXICO CITY — There’s nothing sweet in the sugar war that’s unfolding between Mexico and the United States.

The U.S. industry, sometimes called Big Sugar, simmers over soaring competition from Mexico and argues that a doubling of Mexican exports triggered a collapse in the market price of sugar.

A reluctant Obama administration has opened a formal investigation into those exports that could result in new import duties on Mexican sugar _ and ignite a broader trade dispute over sweeteners that might affect other U.S. industries.

A spokesman for the American Sugar Alliance, Phillip Hayes, said the sugar industry faces losses of up to $1 billion this year because of what it alleges is dumping _ selling at prices lower than what it costs to produce _ by Mexican sugar producers.

More:
http://www.mcclatchydc.com/2014/04/28/225801/sugar-war-between-mexico-us-threatens.html#storylink=cpy

[Thor_MN]

1. How's that free tradey, global markety thing working out for you?

[HooptieWagon]

2. US sugar companies get govt subsidies.

Thats what badly hurt the economies of the Carribbean islands whose major crop was sugarcane. Also, the sugar companies have polluted the fuck out of Lake Okechobee and the Everglades, and they've gotten a free pass on cleaning it up.