U.S. Commerce Secretary reaches sugar trade deal with Mexico

U.S. Commerce Secretary Wilbur Ross has announced that Sugar trade's deal with Mexico has been reached, noting that agreement in principle will suspend antidumping and anti-subsidy duties on Mexican sugar.

More headlines (via Reuters):

• Mexico has agreed to nearly every request to fix problems with previous sugar agreement
• Sugar deal bodes well for long-term U.S.-Mexico relations
• Says addresses U.S. Concern, prev ts harm to other U.S. Industries, including confectioners, corn growers
• U.S. sugar industry unable to support agreement in its present form
• Agreement increases price of raw sugar in U.S. To 23.3 cents per pound
• Refined sugar price increased to 28.5 cents per pound
• Agreement reduces refined sugar share to 30 pct of Mexican quota
• Mexican sugar polarity reduced to 99.2 pct from 99.5 pct
• Mexico agrees to increased enforcement measures