The U.S. Department of Commerce has announced it will withdraw from and terminate the 2019 agreement that had suspended an antidumping investigation into fresh tomato imports from Mexico.
As a result, Commerce is now imposing an antidumping duty order, which will place a 17.09% tariff on most Mexican tomato imports.
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Trump is really piling it on Mexico, this from the weekend:
Trump hits the European Union (EU) and Mexico with a 30% tariff, starting on August 1
This article was written by Eamonn Sheridan at www.forexlive.com.