Mexico’s Economy Department states US consumers can pay 38% to 70% more for berries following the US Commerce Department declared it might re-impose anti-dumping obligations on Mexican imports. The Mexican agency says the country exports about $2 billion in tomatoes to the US and supplies about half of the berries that the US consumes annually.
It said that small- and medium-sized Mexican tomato exporters won’t be able to pay the deposits necessary to export. The deposits necessary to follow the 17.5% tariff could amount to about $350 million, money that many Mexican manufacturers don’t have.
In March the Commerce Department announced it was ending a 2013 suspension agreement in which Mexican growers promised to sell at reasonable rates, and that it could reinstate the 1996 tariffs.
Source: techknowbits.com