empty
 
 
Trump targets Mexican tomatoes with 17% tariff
18-07-2025 15:11
Trump targets Mexican tomatoes with 17% tariff
Trump targets Mexican tomatoes with 17% tariff

In a surprising twist, US President Donald Trump has decided to slap a 17% tariff on Mexican tomatoes. According to Bloomberg, citing the US Department of Commerce, the decision follows the recent termination of a trade agreement that had previously governed tomato imports between the two countries.
Though the move lowers the initially proposed 21% tariff hinted at in April, it still marks a significant escalation in US–Mexico trade tensions. Commerce Secretary Howard Lutnick justified the action by stating, “Mexico remains one of our greatest allies, but for far too long our farmers have been crushed by unfair trade practices that undercut pricing on produce like tomatoes. That ends today.”
Mexico, however, responded sharply. In a joint statement, the country’s agriculture and economy ministries condemned the decision as politicized and unjust, arguing that Mexico’s dominance in the tomato market is due to quality, not manipulation. Mexican producers added that their tomatoes are currently irreplaceable in the US supply chain, fulfilling nearly two-thirds of domestic demand.
The tomato tariffs come on the heels of Trump’s broader trade offensive: starting August 1, the US plans to impose 30% duties on imports from both the European Union and Mexico. Trump has also warned that if either region retaliates with its own tariffs, the US will match them dollar for dollar.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback