Overview

• In April the Commerce Department canceled the 2019 suspension pact, paving the way for a 20.91% duty in place of price controls.
• Economy Secretary Marcelo Ebrard is leading a delegation of government and industry representatives in high-level talks to delay or overhaul the tariff.
• Producer groups have formally asked for a 60-day postponement to extend negotiations under the existing framework.
• Analysts warn the duty could cut Mexican export volumes by up to 25% and endanger more than 100,000 direct and indirect jobs.
• A study by the American Action Forum projects U.S. tomato prices could jump 7–11% and the levy could raise about $346 million in annual revenue.