Tomato prices projected to increase
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The U.S. Department of Commerce said in April that it would withdraw from the Tomato Suspension Agreement with the aim to address the price dumping issue.
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Stocktwits on MSNTomato Prices Set To Soar After Trump Administration Ends 17% Antidumping Duty Suspension On Mexican ImportsTomatoes could become pricier in the U.S. as the 2019 agreement suspending the “Antidumping Duty Investigation” on fresh tomatoes from Mexico expired. With the U.S. government deciding against renewing the suspension,
American consumers could see a price hike and some restaurant owners may face shutting down, as a nearly three-decade-old US-Mexico trade agreement may give way to 20.9% tariffs on most Mexican tomato imports on July 14.
A 17% tariff on most fresh tomato imports from Mexico to the United States was expected to take effect on Monday, July 14.
The U.S. just ended a decades-old tomato trade agreement with Mexico, and while prices could soon spike at grocery stores and restaurants across the country, one Stanislaus County farmer says not so fast.
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The U.S. is pulling out of a three-decade-old tomato price agreement with Mexico. The move is to make way for a nearly 21% tariff on most Mexican tomato imports.
A trade agreement that kept Mexican tomato prices in check is about to lapse. Once it does, importers face steep tariffs — and costs may pass quickly to consumers. With supply tightening and demand peaking,
The 17 percent duty that went into effect today jolts historic trade patterns and will likely raise prices by as much as 10 percent.
The U.S. government announced it’s placing a 17% tariff on most fresh Mexican tomatoes after negotiations ended without being able to avoid a tariff.