Pizza, salad, soup. All these things could soon get more expensive thanks to new tomato tariffs from the Commerce Department.
The Commerce Department announced this week the termination of a longstanding agreement with Mexican tomato producers implemented to prevent artificially low tomato prices. Now that the agreement is no longer in effect, the Commerce Department has the authority to impose tariffs on tomatoes imported from Mexico and can resume a dormant anti-dumping investigation into Mexican producers’ allegedly unfair trade practices.
Darren Seifer, food and beverage industry analyst for The NPD Group, explained that the effects of tariffs “could be pretty far reaching.” “I don’t see consumers just absorbing the prices. I see them adopting options that keep their spending in check,” he said. According to a study from the University of Florida, Mexican tomato imports accounted for 90 percent of all tomatoes imported into the United States in 2015. The prices of Mexican tomatoes accordingly have a sizeable impact on the tomato market in the United States. Two decades ago, tomatoes imported from Mexico numbered fewer than the amount of tomatoes produced in Florida, a key state for domestic production.
The Fresh Produce Association of the Americas, a trade group representing companies that import Mexican produce, vehemently opposed the Commerce Department’s decision, which was initially announced in February and took effect this week.
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