Trump tariffs: US slaps 17% duty on Mexican tomato imports
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With new tariffs on tomatoes from Mexico falling during Maryland’s tomato season, farmers are hopeful that more people will make the switch to local produce.
According to one analyst, the U.S. would need between 42,000 and 250,000 more acres growing tomatoes to replace Mexican imports.
The U.S. ends a nearly 30-year-old trade agreement with Mexico this month. Here's how it could impact the cost of this kitchen staple.
Over the past 30 years, Florida tomato growers’ share of the U.S. tomato market has shrunk from 80% to 20%, as Mexico-grown tomatoes become more common on shelves, Arizona State University professor Tim Richards said. Richards predicts the price of tomatoes will increase by about 8.5%, half the amount of the 17% tariff.
The Trump administration is adding a 17 percent tariff to a year-round grocery store staple, while funneling more business to domestic tomato growers, largely in Florida.
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.
TIME RIGHT NOW IS 614 NEW TARIFFS ON SOME OF THE BIGGEST U.S. TRADING PARTNERS TAKE EFFECT TODAY. ALSO IN A FEW WEEKS, AND THE PRESIDENT SENT LETTERS TO THE EUROPEAN UNION AND TO MEXICO WARNING THAT 30% TAXES ON EXPORTS TO THE U.
Americans are big consumers of tomatoes, taking in nearly 100 pounds per person a year. US markets offer a wide variety of the fleshy fruit year-round, most of it sourced from Mexico. Barring a last-minute reprieve,