US Imposes 17% Tariff on Fresh Mexican Tomatoes to Support Domestic Farmers

Reported about 5 hours ago

The U.S. has implemented a 17% duty on most fresh Mexican tomatoes following unsuccessful negotiations to avoid the tariff. This move aims to bolster the struggling American tomato industry, which currently relies on Mexico for about 70% of its supply. While supporters claim it will benefit local farmers, critics warn that it will lead to higher prices for consumers. The decision is part of ongoing trade disputes, with some arguing that it could escalate retaliatory actions from trading partners.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis