ITC: Dumped Mexican Sugar Harming U.S. Farmers, Taxpayers

American businesses and taxpayers have been harmed by the unfair trading practices of Mexico’s sugar industry, which has dumped subsidized sugar onto the U.S. market, according to a preliminary ruling today by the U.S. International Trade Commission (ITC).

U.S. sugar producers filed antidumping and countervailing duty petitions with the ITC in March claiming that Mexico’s actions will cost the industry $1 billion this year.  The petitions further noted that efforts by U.S. government officials to keep the market from collapsing under the surge of subsidized Mexican imports cost taxpayers $278 million in FY2013.