Latest news with #MexicanGovernment
Yahoo
11 hours ago
- Business
- Yahoo
Mexico sets minimum export prices for fresh tomatoes
By Brendan O'Boyle MEXICO CITY (Reuters) -Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico's economy and agriculture ministries said in a joint statement on Sunday. The decision follows Washington's withdrawal in July from a 2019 deal between the two countries which regulated Mexican tomato exports to the U.S.. The Trump administration on July 14 announced a duty of about 17% on imports of fresh tomatoes from Mexico. While the new pricing rules apply exclusively to definitive exports, they don't restrict export volumes or impose maximum prices. Prices will be reviewed annually or sooner if market conditions demand, the Mexican ministries said. Minimum export prices per kilogram are set at $1.70 for cherry and grape tomatoes, $0.88 for Roma tomatoes, $0.95 for round tomatoes, and $1.65 for round tomatoes with stems. Other varieties, such as cocktail and heirloom tomatoes, will also have a minimum price of $1.70. According to official figures, Mexico exported $3.3 billion of tomatoes last year. "This action reinforces the government's commitment to agricultural competitiveness, dignified rural employment, and food sovereignty," the ministries said. The ministries added that Mexican associations of tomato producers have expressed support for the agreement, which entered into force immediately after its publication on August 8 in the government's official gazette. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
a day ago
- Politics
- BBC News
Mexico rules out Trump's reported military plan against drug cartels
The reported directive appears to follow an executive order signed by Trump earlier this year formally designating eight drug cartels as terrorist entities - six of which are Mexican. From Mexico cartel safe house to US streets: BBC tracks deadly fentanyl targeted by Trump tariffs How does fentanyl get into the US? Speaking to reporters, Sheinbaum said the Mexican government was informed that an order on the cartels was coming, and "that it had nothing to do with the participation of any military personnel". "It is not part of any agreement, far from it. When it has been brought up, we have always said 'No'," she said. Earlier this year, Sheinbaum told reporters that Trump's decision to designate cartels as terrorists "cannot be an opportunity for the US to invade our sovereignty". On Thursday, Secretary of State Marco Rubio said that the designation would help the US target cartels, including through intelligence agencies and the Department of Defense. "We have to start treating them as armed terrorist organisations, not simply drug dealing organisations," Rubio said. The New York Times report says the directive signed by Trump provides "an official basis for the possibility of direct military operations" against cartels, both at sea and on foreign soil. In recent months, Mexico has worked with the US to curb the illegal flow of both migrants and drugs through the US-Mexico border. June saw the lowest border crossings on record, according to data by the US Customs and Border Protections, and last week, US Ambassador to Mexico Ronald Johnson said fentanyl seizures at the border were down by over half. In a post on X, Johnson celebrated the collaboration between Sheinbum and Trump, writing that their leadership had resulted in cartels "going bankrupt and our countries are safer because of it".
Yahoo
a day ago
- Business
- Yahoo
Mexico sets tomato export prices to ease trade spat with Trump
(Bloomberg) — Mexico set minimum prices for fresh tomato exports to the US, seeking to regain full access to the market after the Trump administration imposed an anti-dumping duty. New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads All Hail the Humble Speed Hump A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms Setting the floor avoids generating 'a distortion in the prices' of tomato exports, the Mexican government said in a decree published in the federal gazette late Friday. US growers have accused Mexican counterparts of selling at unfairly low prices, and the US withdrew this year from a trade agreement regulating the exports. While the US Commerce Department announced the anti-dumping duty of more than 17% last month, President Donald Trump delayed a broad tariff hike for 90 days to create space for a trade deal with Mexico. 'The Mexican government is trying to help growers avoid an increase in anti-dumping duties in the future,' said Georgina Felix, director of operations at the Arizona-based Fresh Produce Association of the Americas. The US withdrew in July from a 2019 agreement that suspended investigations into whether Mexico was dumping tomatoes on the US market, ending the mandatory price floor for tomato imports at their first point of sale in the US. The minimums imply a price jump of almost 40% for round 'bola' tomatoes and 26% for the cherry and grape varieties, even greater than the duty imposed by the US, Juan Carlos Anaya, general director of the Agricultural Markets Consulting Group in Mexico City, told Imagen Radio. The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing Russia's Secret War and the Plot to Kill a German CEO It's Only a Matter of Time Until Americans Pay for Trump's Tariffs The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
a day ago
- Business
- Bloomberg
Mexico Sets Tomato Export Prices to Ease Trade Spat With Trump
By and Maya Averbuch Save Mexico set minimum prices for fresh tomato exports to the US, seeking to regain full access to the market after the Trump administration imposed an anti-dumping duty. Setting the floor avoids generating 'a distortion in the prices' of tomato exports, the Mexican government said in a decree published in the federal gazette late Friday. US growers have accused Mexican counterparts of selling at unfairly low prices, and the US withdrew this year from a trade agreement regulating the exports.
Malay Mail
13-07-2025
- Business
- Malay Mail
Mexico slams Trump's 30pc tariff threat as ‘unfair deal', vows to seek alternative before August 1
MEXICO CITY, July 13 — Mexico slammed US President Donald Trump's latest threat of 30 percent tariffs yesterday as an 'unfair deal,' according to a government statement. Mexico was informed of the new duties — which Trump said would come into effect by August 1 — during talks in the United States on Friday. 'We mentioned at the table that it was an unfair deal and that we did not agree,' the Mexican economy and foreign ministries said in a joint statement. Mexico is already in negotiations seeking an alternative to tariffs that would protect businesses and jobs on both sides of the border, the ministries added, saying they hope to avoid the duties. President Claudia Sheinbaum, whom Trump often refers to favourably, expressed confidence Saturday that a deal would be reached. 'We are going to reach an agreement with the US government,' Sheinbaum said during a public event hours after Trump's social media post announcing the elevated tariffs. She said the talks in Washington would allow Mexico to be in a 'better position' by August 1. Mexico is one of the countries most vulnerable to the US leader's tariffs, with 80 percent of its exports destined for its northern neighbour, which is also its largest trading partner. Since returning to the White House in January, Trump has reproached Mexico for not doing what he says is enough to prevent illegal migration and drug trafficking across the border, and has wielded tariffs as retaliation. — AFP
