The U.S. Commerce Department says tomatoes from Mexico will now face additional duties.
The move backtracks on a prior agreement allowing them to enter the market tariff-free. The International Trade Administration says that the agreement failed to protect U.S. tomato growers from unfairly priced Mexican imports. It was put in place during President Trump’s first term and will end 90 days from now.
Staring mid-July, anti-dumping duties of around 21 percent will be placed on Mexican tomatoes.
Related Stories
China’s beef policy risk stems from domestic volatility, making export demand inherently unstable. Jake Charleston with Specialty Risk Insurance offers his perspective on cattle markets, risk management, and producer sentiment.
USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Strong pork demand and improving beef exports outside China support protein markets despite ongoing trade barriers.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
