Mexico Sets Tomato Export Prices to Ease US Trade Spat

Mexico has set minimum prices for fresh tomato exports to the United States in an effort to resolve a trade dispute. This move comes after the Trump administration imposed an anti-dumping duty on Mexican tomatoes, which led to a partial ban on their import. The Mexican government has established a reference price range of $0.31 to $0.49 per pound for tomato exports. This is aimed at preventing the sale of Mexican tomatoes at prices below the cost of production, which was the basis for the US anti-dumping duty. The agreement is expected to pave the way for the full restoration of Mexican tomato exports to the US market. It is a significant development, as Mexico is a major supplier of fresh tomatoes to the United States, accounting for over 50% of the country's total tomato imports. The resolution of this trade dispute is crucial for both the US and Mexican economies, as it ensures the continued flow of an important agricultural product and maintains economic ties between the two neighboring countries.