Tomato prices expected to jump
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People across the country are set to pay more for ketchup, salsa and other tomato-based foods.
President Trump is hiking tariffs on foreign goods to give U.S. companies a competitive edge. But his new tax on tomatoes could hit Texas especially hard.
The U.S. Commerce Department has imposed a 17% tariff on most Mexican-grown tomatoes, ending a decades-old trade agreement designed to prevent unfair pricing from Mexican exporters.
The Trump Administration withdrew from a longstanding trade agreement with Mexico governing the import of tomatoes and will push forward with a new tariff of just over 17%, the Commerce Department announced Monday.
A 17% tariff on most fresh tomato imports from Mexico to the United States was expected to take effect on Monday, July 14.
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