New tariff on Mexican fresh tomatoes starts Tuesday, get ready for prices to skyrocket
A worker picks Kumato tomatoes at a greenhouse in the town of Villa de Arriaga, Mexico. By Laura Reiley Laura Reiley Reporter covering the business of food Email Bio Follow May 7 at 2:17 PM The United States will impose a 17.5 percent tariff on Mexican tomato imports starting Tuesday — and economists say that could lead to shortages and prices increases of up to 85 percent as soon as this winter.
On Feb. 7, the U.S. Department of Commerce gave 90 days notice that it would withdraw from the 2013 Suspension Agreement on fresh tomatoes from Mexico unless a deal could be reached between Mexican and American growers.Florida Tomato Exchange, a U.S. trade organization, argued that Mexican growers dumped artificially low-priced tomatoes on the U.S. market, undermining American farms.
[Trump says he will increase tariffs on Chinese goods on Friday as he complains about pace of trade talks] “There was a new proposal for a suspension agreement sent by the Commerce Department to the Mexican industry on Friday evening,” Schadler said in a phone interview. “Maybe the Mexican growers will like what they see in the proposal. We are in a waiting game again. It behooves them to move fast because the clock is ticking, and the duty starts today.”
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
U.S. to impose tariffs on Mexican tomatoes as new pact remains elusiveThe United States will impose a 17.5 percent tariff on Mexican tomato imports st...
और पढो »
GM's Cruise gets $1.15 billion new cash from T. Rowe Price, SoftBankGeneral Motors Co's majority-owned Cruise self-driving division on Tuesday ...
और पढो »
'We're freaked': Trump startles US businesses with fresh tariff hikePresident Trump's decision to escalate tariffs on $200 billion of Chinese goods on Friday is angering American businesses that say they were taken by surprise
और पढो »
Tariff Threats Pose Fresh Challenge for China’s Xi to Keep Talks on TrackPresident Trump’s new tariff threat is putting Chinese leader Xi Jinping in a bind about how to keep the negotiations on track and shore up China’s economy while not being seen as caving to Washington.
और पढो »
Before new round of trade talks, Trump says he’ll raise China tariffsPresident Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods before the next round of scheduled trade talks.
और पढो »
New tariffs would make the US one of the most protectionist countries in the worldThe U.S. could become one of the most protectionist countries in the world, if President Donald Trump's latest tariff threat materializes.
और पढो »
Grassley: Trump's new trade deal still stuck over tariffsTrump’s meeting with Republican senators on trade last week did nothing to unstick his stalled trade deal with Mexico and Canada
और पढो »
Ford's rebound is just getting started — here's why it's the only auto Cramer endorses'Ford no longer wants to make cars everywhere, no matter what the cost. It doesn't want a one-car-fits-all worldwide strategy,' Jim Cram says.
और पढो »
How to trade stocks as Trump threatens China with new tariffsThis is how to trade stocks as Trump threatens China with new tariffs, according to TheAroraReport
और पढो »
MPAA’s new film ratings chief Kelly McMahon brings fresh eyes to a 50-year-old systemMcMahon, a 46-year-old corporate lawyer, is the new head of the Motion Pictures Assn. of America's ratings board, which doles out ratings ranging from G to NC-17 to hundreds of movies a year.
और पढो »
Grassley backs Trump on new China tariffs, but fears impact if talks failSenate Finance Chairman Chuck Grassley expressed cautious support for President Trump's plan to raise tariffs on more than $500 billion in Chinese goods
और पढो »