Mexican tomato producers struck a last-minute agreement with the Trump administr...
MEXICO CITY - Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
Mexican Economy Minister Graciela Marquez said on Twitter the accord kept the U.S. market open for exporters, while the Commerce Department said it “has enforcement provisions that completely eliminate the injurious effects of Mexican tomatoes, as well as price suppression and undercutting.” Mexican tomato growers had been negotiating for a deal since May, when Washington imposed a 17.5% tariff on Mexican tomatoes after the sides failed to renew an earlier agreement.
However, the U.S. Commerce Department said in a statement that figure was inaccurate because it included tomatoes on the vine, which are excluded from the border inspection requirement. “Commerce estimates that the correct figure is 66%,” it said. Under the agreement, which faces its next review by September 2024, the reference price of specialty tomatoes will rise, and the price of organic tomatoes will increase by 40% above that of conventional ones, the Mexican growers said.
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