Latest news with #MexicanFarmers
The Independent
15-07-2025
- Business
- The Independent
Common US grocery set to jump in price thanks to tariffs
Donald Trump has imposed a 17 per cent tariff on tomatoes imported from Mexico, raising concerns about increased prices for consumers and businesses. The tariffs took effect after the US withdrew from the nearly three-decade-old Tomato Suspension Agreement, with the Secretary of Commerce stating American farmers had been 'crushed by unfair trade practices'. The Commerce Department calculated the 17 per cent import tax to measure the percentage by which Mexican tomatoes were allegedly sold at unfair prices in the US. The measure is expected to result in higher costs at supermarkets and restaurants, with one Californian restaurant owner predicting bankruptcy within three months. Mexico, which supplies about 70 per cent of US tomatoes, has refuted claims of dumping, insisting the popularity of their produce is due to its quality, and stated that substitution would be impossible.
Bloomberg
15-07-2025
- Business
- Bloomberg
US Moves to Impose 17% Tariff on Mexican Tomato Imports
By and Alex Vasquez Updated on Save The US government withdrew from a longstanding trade agreement with Mexico governing tomato imports and will push forward with a new tariff of just over 17%, the US Commerce Department announced Monday. For decades, Mexican farmers have supplied American shoppers with a growing supply of fresh tomatoes, particularly during the winter, even though producers in the US state of Florida have long chafed at the trade flow.
