FT: Wilbur Ross, Sugar Barons Clash Over Mexican Trade Deal

U.S. Secretary of Commerce Wilbur Ross is tasked with handling one of the key parts of President Donald Trump’s agenda: renegotiating trade deals to make them more advantageous for U.S. industries that have migrated offshore.

But Ross faces a major challenge from America’s sugar industry, which has been considered one of the biggest beneficiaries of U.S. subsidies and protectionism, according to a report in the Financial Times. “Big Sugar” flexes its power with lobbying and financial might – the industry donated $11.2 million to political campaigns last year.

José “Pepe” Fanjul, a Cuban-born Florida sugar baron who controls Florida Crystals, is a major donor to Republican candidates, while his older brother Alfonso “Alfy” Fanjul is a longtime Clinton supporter, the FT reported. Their sugar interests put them on a collision course with Mexico’s sugar industry, which was helped by the North American Free Trade Agreement’s requirement to remove restrictions on

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<