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Your grocery bill could rise as fresh tomato prices set to jump

On HALO

1 day ago

Tomato costs could see an uptick if the trade deal between the U.S. Commerce Department and Mexican tomato exporters ends next week as planned. For instance, major U.S. tomato importer NatureSweet Ltd. confirmed to FOX Business that it may raise prices by nearly 10% if the trade deal is terminated. If the deal ends, there will be a levy of more than 20% on tomato exports starting July 14, according to the U.S. Department of Commerce. CEO Rodolfo Spielmann said in an interview with Bloomberg News that, given its thin margins, "there’s no scenario" where the company can "absorb those tariffs."  ...

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1 day ago
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