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Tomato prices likely to jump
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Mexico, Tomato and Agreement
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Although the price of a bunch of tomatoes may only increase by a few dozen cents, the increase comes at a time when consumers are already sick of inflation, and when tariffs threatened by the Trump Administration could further drive up prices, he says.
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 price of tomatoes could soon be going up, and finding them at the grocery store could become more difficult due to a combination of new tariffs and labor shortages.
With new tariffs on tomatoes from Mexico falling during Maryland’s tomato season, farmers are hopeful that more people will make the switch to local produce.
A trade agreement that kept Mexican tomato prices in check is about to lapse. Once it does, importers face steep tariffs — and costs may pass quickly to consumers. With supply tightening and demand peaking,
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Your Grocery Bill Just Met Its Match: Imported TomatoesThe timing could not be worse. Grocery prices already strain household budgets, and tomatoes are not exactly a luxury item you can skip. According to the Florida Tomato Exchange, Mexican imports jumped from 30% of the U.S. market two decades ago to 70% today.
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 17 percent duty that went into effect today jolts historic trade patterns and will likely raise prices by as much as 10 percent.
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