Reported about 22 hours ago
The recent decision by the US Department of Commerce to terminate the 2019 Tomato Suspension Agreement with Mexico has garnered both support and opposition from trade stakeholders. While some American farmers celebrate the move as a victory against unfair trade practices, others warn that it may jeopardize billions in economic activity and thousands of jobs in border states. The agreement had previously set minimum prices for Mexican tomato imports, and the end of this arrangement, coupled with a new 17% tariff, raises concerns about potential price increases for consumers and disruptions in North American trade.
Source: YAHOO