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