Trump says Mexico, EU will face 30% tariff on Aug. 1
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A 17% tariff on most fresh tomato imports from Mexico to the United States was expected to take effect on Monday, July 14.
President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.
A 17% import tax has been slapped on most fresh Mexican tomatoes. Proponents of the tariffs say it’ll help rebuild the shrinking tomato industry in the United States, but experts say prices will go up as much as 10% at the store in the meantime.
Mexican President Claudia Sheinbaum has announced potential actions if no tariff agreement with the U.S. is reached by the August 1 deadline. This follows President Trump's threat to impose tariffs on imports from Mexico,
Mexico currently supplies around 70% of the U.S. tomato market, up from 30% two decades ago, according to the Florida Tomato Exchange.
The U.S. just ended a decades-old tomato trade agreement with Mexico, and while prices could soon spike at grocery stores and restaurants across the country, one Stanislaus County farmer says not so fast.
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10 percentage points higher than what the president said he would apply to America's largest trading partner in April but lower than his mid-May threat of 50%.
According to several studies, about 70 - 86% of U.S. tomatoes come from Mexico, and the USDA says the U.S. takes in nearly 93% of the tomatoes Mexico exports. This means the majority of tomatoes in the U.
Most European markets took a hit as trading resumed in the wake of President Trump's latest tariff threats, and as the EU keeps hoping for a deal.
The Trump administration announced on Monday a duty of about 17% on fresh tomatoes from Mexico, which account for two-thirds of the tomatoes eaten in the U.S., and the end of an export deal between the two countries.
1don MSN
Rep. Tony Gonzales (R-Texas) said he supports President Trump’s approach to tariffs on Mexico, even though he acknowledged the tax on imported goods will likely hurt Texans if it takes effect. In
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.