Close Menu
The Politics
    What's Hot

    Weight Loss Tips: 7 morning habits that can speed up weight loss |

    July 11, 2025

    Chess: Magnus Carlsen beats ChatGPT without losing a piece, AI tool predicts World No. 1’s rating | Chess News

    July 11, 2025

    The Mystery of Trump’s 25% Tariff Threat on Kazakhstan

    July 11, 2025
    Facebook X (Twitter) Instagram
    • Demos
    • Politics
    • Buy Now
    Facebook X (Twitter) Instagram
    The Politics
    Subscribe
    Friday, July 11
    • Home
    • Breaking
    • World War
    • World
      • Africa
      • Americas
      • Asia Pacific
      • Europe
    • Sports
    • Politics
    • Business
    • Entertainment
    • Health
    • Tech
    • Weather
    The Politics
    Home»Business»Tomato prices could increase as US deal with Mexico nears deadline
    Business

    Tomato prices could increase as US deal with Mexico nears deadline

    Justin M. LarsonBy Justin M. LarsonJuly 10, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Share
    Facebook Twitter Pinterest Email Copy Link


    White House Council of Economic Advisors Chair Stephen Miran explains why tariffs are not causing a spike in inflation, on ‘Varney & Co.’

    Tomato costs could see an uptick if the trade deal between the U.S. Commerce Department and Mexican tomato exporters ends next week as planned. 

    For instance, major U.S. tomato importer NatureSweet Ltd. confirmed to FOX Business that it may raise prices by nearly 10% if the trade deal is terminated. If the deal ends, there will be a levy of more than 20% on tomato exports starting July 14, according to the U.S. Department of Commerce. 

    CEO Rodolfo Spielmann said in an interview with Bloomberg News that, given its thin margins, “there’s no scenario” where the company can “absorb those tariffs.”  

    tomato farmers

    A worker harvests branches of cherry tomatoes inside a greenhouse at the NatureSweet production facility in Bonita, Arizona. (Watts For The Washington Post via Getty Images) / Getty Images)

    TRUMP ANNOUNCES SWEEPING 50% TARIFF ON ALL BRAZILIAN IMPORTS STARTING AUG. 1

    The company is among the largest tomato distributors in North America. Its products are widely available across major U.S. retailers, including Walmart, Kroger, Sam’s Club and Whole Foods.  

    “While we remain optimistic that the administration will strike the right deal and avoid price increases, as a Texas-based U.S. company in a low-margin business, we will really have no choice but to raise prices by close to 10% in order to be able to continue bringing our healthy vine ripe specialty tomatoes to our consumers,” NatureSweet said in a statement to FOX Business.

    A table full of fresh vegetables at a grocery store.

    A table full of fresh vegetables at a grocery store. (iStock / iStock)

    “We will work hard to absorb what we can, but the reality is we can only absorb a portion of the duties if they go into effect without modernizing the agreement to address the current tomato industry,” the company added.

    Walmart told FOX Business that “regardless of the external environment” it remains “committed to keeping fresh produce accessible.”

    FOX Business reached out to Kroger and Whole Foods for comment.  

    Ticker Security Last Change Change %
    WMT WALMART INC. 94.86 -1.95 -2.01%
    KR THE KROGER CO. 70.71 +0.45 +0.64%
    AMZN AMAZON.COM INC. 222.26 -0.28 -0.13%

    The 2019 Tomato Suspension Agreement – an updated version of the truce created in 1996 – is a trade deal between the U.S. Department of Commerce and Mexican tomato exporters that essentially allowed Mexican growers to avoid the hefty tariff on fresh tomato imports by agreeing to sell their tomatoes at or above a minimum price and adhering to specific labeling and sales rules.

    It was put in place in an effort to protect American farmers from unfair competition while also ensuring a steady supply of the product. 

    The Department of Commerce announced in April that it was planning to terminate the agreement after officials said it “failed to protect U.S. tomato growers from unfairly priced Mexican imports.” 

    WALL STREET SHRUGS OFF TRUMP’S FRESH TRADE WAR RHETORIC, INVESTORS HOLDING FIRM

    An antidumping duty order is set to take effect on July 14, resulting in duties of 20.91% on most imports of tomatoes from Mexico.

    Tomato costs could see an uptick if the trade deal between the U.S. Commerce Department and Mexican tomato exporters ends next week as planned. (Artur Widak/NurPhoto via Getty Images) / Getty Images)

    The U.S., though, is heavily reliant on Mexican supplies, which can account for as much as 93% of U.S. tomato imports during seasons when domestic production is lower, according to the U.S. Department of Agriculture. 

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    Depending on how tariffs impact the supply chain, some experts have warned prices could rise as much as 50%, according to Food & Wine.

    The Fresh Produce Association of the Americas said in a statement that with the pending termination of the Tomato Suspension Agreement and implementation of duties, “U.S. companies are left to wonder if they can continue to supply consumers with the vine-ripened tomatoes people demand at affordable prices.” 

    The group is urging the administration to negotiate a new tomato agreement “that supports the innovations of U.S. importers, continues to fill the demands of U.S. consumers, and that helps domestic growers improve their ability to compete, via research, innovation, and improved varieties rather than through duties on their U.S. competitors in Arizona, California, Texas, and elsewhere.”



    Source link

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Justin M. Larson
    • Website

    Related Posts

    Business

    Trump threatens 35% tariff on Canadian products over fentanyl crisis

    July 10, 2025
    Business

    Fans divided as McDonald’s brings back Snack Wrap nationwide

    July 10, 2025
    Business

    How automation is using the latest technology across various sectors

    July 10, 2025
    Business

    One, Big Beautiful Bill reinstates lower oil royalty rates, ends EV tax credits

    July 10, 2025
    Business

    Suns’ Devin Booker reportedly signs richest contract extension in NBA history

    July 10, 2025
    Business

    House GOP demands security review of Chinese drone maker DJI Technologies

    July 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    • Africa
    • Americas
    • Asia Pacific
    • Breaking
    • Business
    • Economy
    • Entertainment
    • Europe
    • Health
    • Politics
    • Politics
    • Sports
    • Tech
    • Top Featured
    • Trending Posts
    • Weather
    • World
    • World War
    Economy News

    Weight Loss Tips: 7 morning habits that can speed up weight loss |

    Justin M. LarsonJuly 11, 20250

    When it comes to losing weight, most people zero in on calorie counts, gym memberships,…

    Chess: Magnus Carlsen beats ChatGPT without losing a piece, AI tool predicts World No. 1’s rating | Chess News

    July 11, 2025

    The Mystery of Trump’s 25% Tariff Threat on Kazakhstan

    July 11, 2025
    Top Trending

    Weight Loss Tips: 7 morning habits that can speed up weight loss |

    Justin M. LarsonJuly 11, 20250

    When it comes to losing weight, most people zero in on calorie…

    Chess: Magnus Carlsen beats ChatGPT without losing a piece, AI tool predicts World No. 1’s rating | Chess News

    Justin M. LarsonJuly 11, 20250

    File photo of Magnus Carlsen. (AP) World No. 1 Chess grandmaster Magnus…

    The Mystery of Trump’s 25% Tariff Threat on Kazakhstan

    Justin M. LarsonJuly 11, 20250

    The Central Asian nation, rich in critical minerals, is deepening its ties…

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo
    Editors Picks

    Review: Record Shares of Voters Turned Out for 2020 election

    January 11, 2021

    EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

    January 11, 2021

    World’s Most Advanced Oil Rig Commissioned at ONGC Well

    January 11, 2021

    Melbourne: All Refugees Held in Hotel Detention to be Released

    January 11, 2021
    Latest Posts

    Review: Russia’s Putin Sets Out Conditions for Peace Talks with Ukraine

    January 20, 2021

    Review: Implications of San Francisco Govts’ Green-Light Nation’s First City-Run Public Bank

    January 20, 2021

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021
    Advertisement
    Demo
    Editors Picks

    Weight Loss Tips: 7 morning habits that can speed up weight loss |

    July 11, 2025

    Chess: Magnus Carlsen beats ChatGPT without losing a piece, AI tool predicts World No. 1’s rating | Chess News

    July 11, 2025

    The Mystery of Trump’s 25% Tariff Threat on Kazakhstan

    July 11, 2025

    3/10/2024: Rise; Jeff Koons – CBS News

    July 11, 2025
    Latest Posts

    Review: Russia’s Putin Sets Out Conditions for Peace Talks with Ukraine

    January 20, 2021

    Review: Implications of San Francisco Govts’ Green-Light Nation’s First City-Run Public Bank

    January 20, 2021

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021
    Advertisement
    Demo
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Politics Designed by The Politics.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.