Border Trade Alliance statement on U.S. formal withdrawal from Tomato Suspension Agreement, imposition of duties
We regret that the Department of Commerce has withdrawn the U.S. from the agreement that has governed U.S.-Mexico tomato trade for decades. It’s a move that hits shoppers in the wallet. As a result of this decision and the establishment of tariffs on fresh tomato imports from Mexico, U.S. consumers will face higher prices on popular tomato varieties.
If the recent border slowdown causes a one-third reduction in trade over a three-month period, it would cost the US economy $69 billion in gross product and 620,236 job-years.
Cross-border trade in agriculture has been put at needless risk by an issue that could turn a win-win situation into a trade war threatening farmers on both sides of the border.
Produce section sticker shock: New study says duties on Mexican tomato imports mean big price hike for U.S. consumers
A new study assessing the impact of the potential imposition of duties on imported fresh tomatoes from Mexico paints a bleak picture for U.S. consumers, who would be faced with dramatic price increases ranging from 40-85%.
The Border Trade Alliance says a new analysis by the U.S. International Trade Commission on the likely economic impact of the USMCA provides compelling evidence for lawmakers to swiftly ratify the successor agreement to NAFTA.
Public-private coalition urging refocus on ratification of modernized trade pact WASHINGTON (April 9, 2019)—Amid growing delays at ports of entry as Customs and Border Protection personnel are redeployed away from the ports to assist Border [...]