US tomato prices could jump as soon as Monday amid Mexico tariff threat
If tomato prices jump because of new tariffs on the Mexican-grown produce, restaurant owner Teresa Razo says her businesses could go bust.
“I give it three months, and then we go bankrupt,” said Teresa Razo, owner of two Argentine-Italian restaurants in Southern California.
On July 14, a nearly three-decade-old US-Mexico trade agreement may give way to 20.9% tariffs on most Mexican tomato imports. That could mean higher prices for Americans at the grocery store, at the pizza parlor — anywhere that uses tomatoes. And for some small businesses, higher prices could close them down entirely.
The tomato tariffs are among the latest examples of President Donald Trump’s chaotic tariff policy, which has shaken up global trade, left companies uncertain how to plan for the future, and made Americans nervous about where the world’s biggest economy could be headed.
https://finance.yahoo.com/news/us-tomato-prices-could-jump-153025655.html
Stable genius at work. 