U.S. Snubbing Mexican Tomato Pact Could Bring Rising Prices
- Trade deal expired Tuesday, triggering duties topping 17%
- ‘It’s a win for our group,’ Florida association says
Workers pack tomatoes for U.S. export in San Luis Potosi, Mexico, on Aug. 6, 2018.
Photographer: Mauricio Palos/Bloomberg
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Tomato prices could take off from recent lows as the U.S. withdraws from a pact with its top supplier Mexico.
The so-called Tomato Suspension Agreement expired on Tuesday, triggering duties of more than 17 percent on supplies crossing into the U.S. from Mexico. The decision was made in part to protect growers in Florida.