Mexico, Tomato
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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.
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MiBolsilloColombia on MSNTomato prices may jump at stores and restaurants after new U.S. tariffThe U.S. ended a key tomato trade deal with Mexico, adding a 17% tariff that could raise prices for shoppers and restaurants.
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.
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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. Department of Commerce said in April that it would withdraw from the Tomato Suspension Agreement with the aim to address the price dumping issue.
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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.
Houston Chronicle on MSN4h
Texas companies brace for 'tomato tax' after U.S. withdraws from trade dealPresident Trump is hiking tariffs on foreign goods to give U.S. companies a competitive edge. But his new tax on tomatoes could hit Texas especially hard.
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,
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Money Talks News on MSNYour Grocery Bill Just Met Its Match: Imported TomatoesThe timing could not be worse. Grocery prices already strain household budgets, and tomatoes are not exactly a luxury item you can skip. According to the Florida Tomato Exchange, Mexican imports jumped from 30% of the U.S. market two decades ago to 70% today.