UNCONSTITUTIONAL


Our Founding Fathers Rejected
FREE TRADE And So Should We


Chapter Samples Buy the Book

Mexico Imposes Hefty Tariffs on Sugar to Protect Local Industry

Mexico raised tariffs of up to 210% on sugar imports from countries with which it doesn’t have a trade deal, part of a plan to protect the domestic industry from falling prices.

The measure, which takes effect on Tuesday, includes tariffs of 156% and 210% on cane sugar, refined liquid sugar, beet sugar and syrups, according to the official gazette, which couched the move as a way to stave off “distortions” in international trade.

Previously, the government imposed tariffs on imports of around $0.36 per kilogram on some sugar imports.

Read the article.