The US International Trade Commission unanimously offered a preliminary ruling that favored the US sugar industry in its argument that Mexico rivals are harming competition.
According to reports, US sugar companies accused its Mexican counterparts of unfairly subsidizing sugar imports and selling sugar products in the US at below-marked pries.
The ITC’s decision, announced Friday, clears the way for the US Department of Commerce to commence its investigation into the matter. A press release said it will make key decisions in the case in June and September, though final regulatory decisions in the matter may not come until next year.
Reports say should authorities conclude that Mexico sugar companies harmed competition in the US, a new tariff could be imposed on certain imports.
Full content: WDAZ
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