Mexico Imposes Hefty Tariffs on Sugar to Protect Local Industry
A sugarcane harvest in Xicotencatl, Tamaulipas state, Mexico, in 2024.
Photographer: Mauricio Palos/BloombergMexico raised tariffs of up to 210% on sugar imports from countries with which it doesn’t have a trade deal, part of a plan to protect the domestic industry from falling prices.