Mexico, tomato
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.
With tariffs pushing prices up, a Cincinnati greenhouse shares how home gardening can keep fresh tomatoes — and cash — in your pocket.
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.
Major tomato importer NatureSweet warns of price increases as the 2019 Tomato Suspension Agreement with Mexican exporters ends, bringing a nearly 21% tariff on 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 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.
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.