Mexico imposes a 156% tax on imported sugar.

According to a decree signed by President Claudia Sheinbaum on November 10, a new tax of 156% per kg is applied to all types of sugar, including beet sugar and syrup. Liquid refined sugar will be subject to a tax of 210.44%. The new tax rate of 156% includes insurance costs, transportation, and other related fees. Previously, imported sugar into Mexico was taxed between 360 and 390 USD per ton, equivalent to a tax rate of about 65%. "The new tax rate better protects domestic products. This measure almost completely eliminates the possibility of importing sugar into Mexico," Mr. Carlos Blackaller, President of the Mexican Sugarcane Growers Association, shared with Reuters. Mr. Blackaller believes the new policy will help keep domestic sugar prices stable at a higher level in the 2025–2026 season. The amount of imported sugar in the last three seasons into Mexico reached over 1 million tons, mainly from Brazil, Guatemala, India, and the United States. The Mexican Sugar Industry ...