The damage caused by dumped and subsidized sugar imports from Mexico—including depressed domestic prices, lost revenue to U.S. producers, and approximately $260 million in taxpayer expenses—was detailed in a nearly 200-page government report.
The report, published by the U.S. International Trade Commission (ITC), explained the ITC's reasoning for its recent preliminary determination that unfair trading practices by Mexico are harming U.S. interests. That ruling came in a 5 to 0 vote by commissioners on May 9.
Specifically, the ITC found that Mexico has substantially increased sugar shipments to the United States; a significant portion of that sugar was sold below a fair market price; this flood of dumped and subsidized sugar depressed U.S. prices; and the resulting market conditions harmed U.S. sugar producers and U.S. taxpayers after government actions were necessary to keep the market from collapsing under the surge of subsidized Mexican imports.
Source: www.sugarjournal.com