NEWS
US ends tomato deal, sets 21% tariffs
The U.S. is ending a 30-year tomato price agreement with Mexico and imposing nearly 21% tariffs on most Mexican tomato imports, which may lead to higher prices for tomato-based products like ketchup and salsa. U.S. growers support the tariffs, claiming they are needed to address "dumping," where exporters sell products at artificially low prices to undercut domestic producers. The tomato suspension agreement, in place since 1996, had previously regulated imports to stabilize prices between the two countries.