The US and Mexico just concluded a
deal on sugar trade. A bit of background is in order. The US is globally competitive for many agricultural products; sugar is not one of them. Under NAFTA the US started importing significant amounts of Mexican sugar. US sugar refiners protested and, to make a long story short, the result is a new set of NAFTA terms on sugar. Net result: import restrictions and higher prices. A win for US producers but a loss for US sugar consumers, US producers of products that use sugar and Mexican sugar producers. A classic win-lose-lose-lose deal. Perhaps a preview of what will happen when the gang that brought us "The Art of the Deal" gets their hands on the rest of NAFTA?
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