Mexico: US tomato prices might soar in case of tariffs

Mexico’s Economy Department states US consumers can pay 38 to 70% more for berries after the US Commerce Department announced it might re-impose anti-dumping obligations on Mexican imports.

The Mexican bureau says the state exports about $2 billion in tomatoes to the United States and supplies about half the tomatoes the US absorbs annually. It said on Tuesday that small-and-medium tomato exporters won’t have the ability to cover the deposits.

The deposits needed to follow this 17.5% tariff would amount to about $350 million, money that lots of Mexican producers don’t have.

In March the Commerce Department announced it was ending a 2013 suspension arrangement in which Mexican farmers were able to sell at fair rates, and it might reinstate the 1996 tariffs.

Source: rocklandregister.com


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