The United States and Mexico said Wednesday they have reached a deal to end US tariffs on Mexican tomatoes, imposed amid a surge in trade tension between the neighbors. The US imposed the 17.5-percent tariffs in May, after the countries failed to renew an agreement that suspended a US anti-dumping investigation
Mexico City - The United States and Mexico said Wednesday they have reached a deal to end US tariffs on Mexican tomatoes, imposed amid a surge in trade tension between the neighbors.
"After intensive discussions with all parties, we initialed a new draft suspension agreement with the Mexican growers late last night . This draft agreement meets the needs of both sides and avoids the need for antidumping duties," US Secretary of Commerce Wilbur Ross said in a statement. The US Commerce Department said the draft deal would now be put to a 30-day review period, and signed on September 19 if both sides still agree.
President Andres Manuel Lopez Obrador had warned that could fuel migration to the United States by hurting an industry responsible for 1.4 million jobs in Mexico.Mexico exported around $2 billion of tomatoes to the United States last year -- its third-largest agricultural export to its northern neighbor, after beer and avocados.
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