Sugar war between Mexico, U.S. threatens broader trade relations

Sugar war between Mexico, U.S. threatens broader trade relations
By Tim Johnson
McClatchy Foreign Staff
April 28, 2014 Updated 5 hours ago

MEXICO CITY — There’s nothing sweet in the sugar war that’s unfolding between Mexico and the United States.

The U.S. industry, sometimes called Big Sugar, simmers over soaring competition from Mexico and argues that a doubling of Mexican exports triggered a collapse in the market price of sugar.

A reluctant Obama administration has opened a formal investigation into those exports that could result in new import duties on Mexican sugar _ and ignite a broader trade dispute over sweeteners that might affect other U.S. industries.

A spokesman for the American Sugar Alliance, Phillip Hayes, said the sugar industry faces losses of up to $1 billion this year because of what it alleges is dumping _ selling at prices lower than what it costs to produce _ by Mexican sugar producers.

More:
http://www.mcclatchydc.com/2014/04/28/225801/sugar-war-between-mexico-us-threatens.html#storylink=cpy