US Announces Next Round of Tariffs, This Time on Mexico

Even while trade tensions between US and China build up once again over Trump’s latest tariff hike announcement, US plans to start imposing 17.5% tariffs on Mexican tomatoes starting on Tuesday. The latest round of tariffs comes on the back of an inability to renew an older trade agreement from 2013 which led to suspension of an anti-dumping investigation by the US.

Back in February, the US Commerce Department had announced its plans to resume this investigation into Mexican tomatoes and withdrawing from a suspension agreement with Mexican authorities. The department offered a 90-day notice before ending the previous arrangement.

These tariffs starting from today will continue until both countries can formalize a new suspension agreement. This move will impact Mexican exports worth around $2 billion to the US.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Higher U.S Tariffs For Canada, Mexico, China, Japan, India, and Germany

2 weeks ago

Save

6 Stocks to Buy for Trade War Protection to Shield Your Portfolio in 2025

3 weeks ago

Save

Forex Signals Brief March 26: Have US Goods Orders Increase Ahead of Tariffs?

3 weeks ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments