News

US: Senate considers Mexican spirits tax if soft drink tariffs remain

Most popular

'Healthy alcohol - the trend to watch in 2019?

The beer category in 2018 - Review

Is craft spirits approaching a reset moment?

The beer category in 2019 - just-drinks predicts

MORE

The US could consider imposing trade sanctions on Mexican products if Mexico continues to impose its soft drinks tax, which has affected the sale of US corn syrup to Mexican soft drink producers, a senior Republican senator has said.

Addressing the US Senate, Senator Charles Grassley of Iowa said: "One response to Mexico's unfair and illegal tax on high-fructose corn syrup would be to enact a similar tax on a Mexican product."

Since it was imposes the tax has affectively blocked the sale of US corn syrup in Mexico and Grassley, who sits on  the Senate Finance Committee which oversees trade matters, specifically mentioned the possibility of a US tax on Mezcal, the Mexican liquor.

"So far, I have not pursued this sort of retaliation," Grassley said, but added: "Let me make this very clear. My patience is limited."
 
Mexico last month imposed a 20% tax on soft-drinks sweetened with high-fructose corn syrup, aimed at supporting Mexico's ailing domestic sugar industry. Mexico has also been keen to persuade the US to allow more of its sugar imports into the North American market.


Related Content

US spirits group hails proposed tax drop

US spirits group hails proposed tax drop...

Will the sugar tax story pan out as expected? - Comment

Will the sugar tax story pan out as expected? - Comment...

How the sugar tax has transformed the soft drinks category - Comment

How the sugar tax has transformed the soft drinks category - Comment...

US soft drinks industry defends anti-grocery tax ads

US soft drinks industry defends anti-grocery tax ads...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?