The Briefing Room
General Category => Economy/Business => Topic started by: endicom on June 02, 2017, 10:41:21 pm
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Townhall
Cortney O'Brien
June 2, 2017
Mexico has continued to violate U.S. trade laws by dumping subsidized sugar into our marketplace.
Our trade laws are intended to keep inefficient foreign producers from running businesses to the ground. Unfortunately, that is the situation we have found ourselves in with Mexico. Phillip Hayes, the media relations director for the American Sugar Alliance, a coalition of sugarcane sugar beet producers, spoke with Townhall about Mexico’s unlawful acts, and how the Trump administration is preparing to respond.
In 2013, he explained, Mexico started dumping their subsidized surplus sugar here in the U.S.
“They flooded the market, more than doubled their exports here and it absolutely collapsed the prices and the market,” he said.
As a result, the U.S. sugar industry lost $2 billion.
More... https://townhall.com/tipsheet/cortneyobrien/2017/06/02/commerce-dept-mexico-has-until-monday-to-stop-violating-us-trade-laws-n2335425
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The US sugar industry gets its own subsidies from Uncle Sugar, so I'm not that sympathetic.
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The US sugar industry gets its own subsidies from Uncle Sugar, so I'm not that sympathetic.
It's problematic. The good part is that we're not now kowtowing to anyone who might call us names.
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The US sugar industry gets its own subsidies from Uncle Sugar, so I'm not that sympathetic.
:thumbsup2: