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2h ago

Mexico Imposes Sugar Import Tariffs of Up to 210% on Non-FTA Suppliers

Mexico describes the step as job protection in response to falling world sugar prices.

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Overview

  • The decree sets tariffs of 156% and 210% on cane sugar, refined liquid sugar, beet sugar and syrups from countries without trade agreements.
  • The measure took effect on Nov. 11 with publication in the government’s official gazette.
  • The Agriculture Ministry said the change addresses excess supply and aims to safeguard domestic production and employment.
  • Exporters lacking preferential deals, including Brazil, will be hit, replacing a prior levy of about US$0.36 per kilogram on some imports.
  • Mexico is pressing trade talks with the United States before a USMCA review, while a separate plan to raise duties on Chinese imports is postponed at least until December after industry pushback over higher input costs.