Mexico, Tomato and Agreement
Digest more
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 new 17% tariff on Mexican tomatoes is already rippling through local businesses, raising prices for restaurants and giving small farmers a long-awaited edge. Tomato Prices on th
The U.S. Commerce Department has imposed a 17% tariff on most Mexican-grown tomatoes, ending a decades-old trade agreement designed to prevent unfair pricing from Mexican exporters.
Trump's antidumping duties on fresh Mexican tomatoes dump higher prices on American consumers and tomato processors, packagers, and shippers.
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.
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.
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.
The price of tomatoes could soon be going up, and finding them at the grocery store could become more difficult due to a combination of new tariffs and labor shortages.
With tariffs pushing prices up, a Cincinnati greenhouse shares how home gardening can keep fresh tomatoes — and cash — in your pocket.
Households across the country are set to pay more for ketchup, salsa and other tomato-based foods. Starting Monday, the United States pulled out of a three-decade-old tomato price agreement with Mexico.
Following changes to a long-standing trade agreement, consumers may see price differences between imported and locally grown tomatoes at markets and grocery stores.
Although the price of a bunch of tomatoes may only increase by a few dozen cents, the increase comes at a time when consumers are already sick of inflation, and when tariffs threatened by the Trump Administration could further drive up prices, he says.