U.S. commerce court docket strikes down modification to U.S.-Mexico sugar commerce deal as illegal

HomeStock

U.S. commerce court docket strikes down modification to U.S.-Mexico sugar commerce deal as illegal

Adds background, particulars


Adds background, particulars

NEW YORK, Oct 22 (Reuters)A decide with the U.S. Court docket of Worldwide Commerce has struck down a sugar commerce pact with Mexico renegotiated in 2017 by the Trump Administration, saying the choice to amend a earlier deal was illegal.

The U.S. Division of Commerce’s willpower to amend an settlement that suspended U.S. countervailing duties on Mexican sugar imports was illegal, mentioned Decide Leo M. Gordon in a court docket doc dated Oct. 18. The decide ordered the commerce deal modification to be instantly vacated.

The choice marks a blow to the administration of President Donald Trump, which beneath Commerce Secretary Wilbur Ross had reworked a 2014 commerce deal, which some U.S. sugar corporations had complained had curtailed their provides.

Trump had praised the reworked settlement on Twitter in June 2017 as “an excellent one for each Mexico and the U.S.”

A U.S. sugar firm had challenged the 2017 amended…



nasdaq.com