US imposes 17% tariff on Mexican tomatoes
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Mexico currently supplies around 70% of the U.S. tomato market, up from 30% two decades ago, according to the Florida Tomato Exchange.
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.
According to several studies, about 70 - 86% of U.S. tomatoes come from Mexico, and the USDA says the U.S. takes in nearly 93% of the tomatoes Mexico exports. This means the majority of tomatoes in the U.
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.
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 US government has imposed a 17% import duty on most fresh tomatoes from Mexico. This decision aims to protect the American tomato industry. Talks between US and Mexican officials failed to reach a new agreement.
Trump, meanwhile, said he was open to further discussions with the EU and other trading partners before new 30% tariffs kick in next month and that EU officials would be coming to the United States for negotiations.