US Edition
Tariffs On EU, Mexico Could Mean Soaring Prices On These Products
MEXICO, JUL 16 – The U.S. imposed a 17% antidumping tariff to address alleged unfair Mexican export practices, aiming to protect American tomato growers and potentially raise U.S. retail tomato prices by 8.5%.
- On July 14, the U.S. Department of Commerce withdrew from the 2019 Tomato Suspension Agreement, imposing a 17.09% countervailing duty on Mexican tomato exports.
- Since 1996, U.S. producers have alleged dumping, and five suspensions since then, most recently in 2019, led to the agreement’s termination.
- Market data show that imported tomatoes now account for about 70% of U.S. supply, 90% from Mexico, while Jacob Jensen said the duties will boost prices 6–10%, costing consumers $300 million annually.
- In Mexico, the Economy and Agriculture Ministries expressed disagreement with the decision, saying `It is unfair and goes against the interests of Mexican producers and the American industry`.
- Looking ahead, the tariff estimates that retail tomato prices could increase by about 8.5%, adding uncertainty for the produce market and U.S.-Mexico trade relations.
44 Articles
44 Articles
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(LPL/EN) – El Departamento de Comercio de Estados Unidos anunció que impondrá un arancel de 17% a la mayoría de los tomates frescos importados desde México. El gobierno estadounidense había informado el pasado el 15 de abril que se retiraría, en un plazo de 90 días, del Acuerdo de Suspensión de la Investigación Antidumping sobre […]
They were asked by a court in 1996 but then always postponed thanks to a price agreement: since Monday they are at 17%
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