Mexico says tariffs will send tomato prices soaring in US

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Mexico US Threatened Trade_1557245457564

Mexican tomatoes are displayed for sale at a produce stand in Mercado Medellin, in Mexico City, Thursday, Feb. 2, 2017. Mexico is the world’s leading exporter of refrigerators and flat-screen TVs. Cars and trucks such as the Ram 1500 crew cab, Ford Fiesta and Chevrolet Trax fill U.S. dealer lots. Mexican berries, vegetables and beef […]

MEXICO CITY (AP) — Mexico’s Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports.

The Mexican agency says the country exports about $2 billion in tomatoes to the United States and supplies about half the tomatoes the U.S. consumes annually.

It said Tuesday that many small- and medium-sized Mexican tomato exporters won’t be able to pay the deposits required to export.

The deposits required to comply with the 17.5% tariff would amount to about $350 million, money that many Mexican producers don’t have.

In March the Commerce Department announced it was ending a 2013 suspension agreement in which Mexican growers promised to sell at fair prices, and that it would reinstate the 1996 tariffs.

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