tomato, Donald Trump
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Houston Chronicle on MSN11h
Texas companies brace for 'tomato tax' after U.S. withdraws from trade dealPresident Trump is hiking tariffs on foreign goods to give U.S. companies a competitive edge. But his new tax on tomatoes could hit Texas especially hard.
Although the price of a bunch of tomatoes may only increase by a few dozen cents, the increase comes at a time when consumers are already sick of inflation, and when tariffs threatened by the Trump Administration could further drive up prices, he says.
President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.
In this opinion piece, James Earl White says President Donald Trump has a chance to negotiate a new tomato suspension agreement that would provide additional protections for U.S. tomato growers while keeping export markets open.