Tomato prices expected to jump
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Straight Arrow News on MSNUS-Mexico tomato trade deal ends, prices set to riseAs anticipated, a long-standing trade agreement between the U.S. Commerce Department and Mexico has officially expired - a development first reported by Straight Arrow News on July 11. One of the largest tomato importers,
The U.S. ends a nearly 30-year-old trade agreement with Mexico this month. Here's how it could impact the cost of this kitchen staple.
A 17% import tax has been slapped on most fresh Mexican tomatoes. Proponents of the tariffs say it’ll help rebuild the shrinking tomato industry in the United States, but experts say prices will go up as much as 10% at the store in the meantime.
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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,
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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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 Trump administration is adding a 17 percent tariff to a year-round grocery store staple, while funneling more business to domestic tomato growers, largely in Florida.
The 17 percent duty that went into effect today jolts historic trade patterns and will likely raise prices by as much as 10 percent.