Sugar Suspension Deal Hurts U.S. Imports, Mexican Exports Unchanged — Panjiva
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Sugar Suspension Deal Hurts U.S. Imports, Mexican Exports Unchanged

Consumer Staples 804 Mexico 928 Tariffs 1865 U.S. 5398

The sugar suspension agreement between the U.S. and Mexico is not working the way it is meant to, a preliminary Commerce Department review has found. U.S. buyers have experienced a 35% fall in imports in the third quarter on a year earlier, Panjiva data shows. Yet, Mexican exports to all countries are unchanged on a year earlier over the past 12 months. Exporters, including Empresas Santos and Melchor Ocampo, reduced their dependence on the U.S. in October to the lowest since January 2015.

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