Trump, Mexico and tariffs
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WVTM Channel 13 on MSNAlabama tomato farmer says Mexico tariff will save American farmsSmith Tomato Farm in Steele is a large operation. It has 120 acres of tomato crops and produces about 10 million tomatoes every year. The farm said this move from Washington could be the most important step taken in decades to save American farms.
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum on Tuesday said Mexico will take action if an agreement with Washington regarding new tariffs is not reached by the August 1 deadline set by her U.
But this shopping could cost consumers a little bit more this year. On Saturday, President Trump announced 30% tariffs against Mexico and the European Union beginning August 1 that could impact the price of many consumer goods. Some shoppers are already seeing higher clothing prices as a result of the tariffs instituted in April.
The U.S. just ended a decades-old tomato trade agreement with Mexico, and while prices could soon spike at grocery stores and restaurants across the country, one Stanislaus County farmer says not so fast.
A new 17% tariff on fresh Mexican tomatoes is in effect, raising concerns about price hikes in the US. Consumers await potential impacts on the produce market.
If a 30 percent tariff on Mexico goes into affect on August 1, a wide variety of foods will be more expensive, experts warn.
Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.
Economists and investors are left guessing by President Donald Trump’s tariff agenda as he grants extensions then threatens higher tariffs in letters to trading partners. It remains to be