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Source: Megan Mechaca, FAYETTEVILLE OBSERVER, 5/1/19
The U.S. Department of Commerce previously announced its plans to end its tomato trade agreement with Mexico last May. But, according to a new analysis, this move could lead to a price increase and reduced supply of tomatoes. The trade agreement from 1996 created a price floor for imported Mexican tomatoes, and the U.S. could reintroduce tariffs on Mexican tomatoes if the agreement is ended. The withdrawal from this agreement could lead to an approximately 40% price increase on tomatoes, according to an analysis released last week by Arizona State University economists. For more of this story, click here.
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