US Congressmen want law against sugar subsidies, say countries like India give billions of dollars to support its inefficient sector

Published 2023년 2월 3일

Tridge summary

Two US Congressmen, Kat Cammack and Dan Kildee, have proposed legislation aiming to counter subsidies on sugar from countries such as India, Brazil, Russia, Mexico, and the European Union. The lawmakers argue that these subsidies are detrimental to American farmers and the US sugar market, leading to unfair competition and the dumping of cheap sugar. They contend that these countries' subsidies, totaling over $6.5 billion annually, are harming the US sugar industry and threatening the livelihoods of American farmers. The proposed legislation seeks to establish a fair sugar policy to shield domestic producers from foreign abuses.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Two US Congressmen have introduced legislation in the US House of Representatives against the subsidies on sugar given by countries including India. Lawmakers Kat Cammack and Dan Kildee argued that these subsidies given by countries like India , Brazil, Russia, Mexico as well as the European Union harm American farmers and the US sugar market. The survival of American sugar producers is threatened by the unfair practices and dumping of cheap sugar subsidized by foreign countries, Congresswoman Cammack alleged. Foreign countries including India, Brazil, Thailand, Russia, Mexico, as well as the European Union, have subsidized artificially cheap sugar on the global market at the expense of the American sugar industry, she said. Free trade must also be fair trade, and we should not abandon our own production capabilities in favor of cheap imports that destroy our domestic markets and American producers' livelihoods. Food security is national security, she said. The proposed resolution ...

Source: Economic times