Mexico Says Tariffs Will Send Tomato Prices Soaring in US

 

MEXICO CITY (AP) — Mexico's Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports.

The Mexican agency says the country exports about $2 billion in tomatoes to the United States and supplies about half the tomatoes the U.S. consumes annually.

- Sponsors -

It said Tuesday that many small- and medium-sized Mexican tomato exporters won't be able to pay the deposits required to export.

The deposits required to comply with the 17.5% tariff would amount to about $350 million, money that many Mexican producers don't have.

In March the Commerce Department announced it was ending a 2013 suspension agreement in which Mexican growers promised to sell at fair prices, and that it would reinstate the 1996 tariffs.

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

 

Source: AP

 

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter