New tariff on Mexican fresh tomatoes starts Tuesday, get ready for prices to skyrocket
A worker picks Kumato tomatoes at a greenhouse in the town of Villa de Arriaga, Mexico. By Laura Reiley Laura Reiley Reporter covering the business of food Email Bio Follow May 7 at 2:17 PM The United States will impose a 17.5 percent tariff on Mexican tomato imports starting Tuesday — and economists say that could lead to shortages and prices increases of up to 85 percent as soon as this winter.
On Feb. 7, the U.S. Department of Commerce gave 90 days notice that it would withdraw from the 2013 Suspension Agreement on fresh tomatoes from Mexico unless a deal could be reached between Mexican and American growers.Florida Tomato Exchange, a U.S. trade organization, argued that Mexican growers dumped artificially low-priced tomatoes on the U.S. market, undermining American farms.
[Trump says he will increase tariffs on Chinese goods on Friday as he complains about pace of trade talks] “There was a new proposal for a suspension agreement sent by the Commerce Department to the Mexican industry on Friday evening,” Schadler said in a phone interview. “Maybe the Mexican growers will like what they see in the proposal. We are in a waiting game again. It behooves them to move fast because the clock is ticking, and the duty starts today.”
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