Dive Brief:
- The United States plans to impose an import duty on Mexican sugar, likely leading to price increases for sodas and candy.
- The decision is preliminary, and could be reversed. And the size of the duty is not yet clear, but reportedly could reach as high as 17.01%.
- The preliminary ruling follows complaints from U.S. sugar producers that Mexico is unfairly subsidizing its producers.
Dive Insight:
As we've noted before, the United States is not in much of a position to lecture other nations on sugar subsidies. The U.S. has its own, elaborate, system that sets minimum prices and keeps out competition. It's all done in the name of national security.