Mexico imposes 156% tariff on sugar imports
Mexico on Tuesday implemented a new tariff for sugar imports due to falling international prices and a risk of oversupply in the domestic market, according to the country's Official Gazette.
It is reported by Reuters.
The new tariff of 156% per kg applies to all types of sugar, including beet sugar and syrups. Refined liquid sugar will be subject to a 210.44% tariff, according to a decree, opens new tab signed by President Claudia Sheinbaum and published in the Official Gazette on Monday night.