The Tarriff Hype.

[petros]

Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico's economy and agriculture ministries said in a joint statement on Sunday.

The decision follows Washington's withdrawal in July from a 2019 deal between the two countries which regulated Mexican tomato exports to the U.S..

The Trump administration on July 14 announced a duty of about 17% on imports of fresh tomatoes from Mexico.

While the new pricing rules apply exclusively to definitive exports, they don't restrict export volumes or impose maximum prices. Prices will be reviewed annually or sooner if market conditions demand, the Mexican ministries said.

Mexico sets minimum export prices for fresh tomatoes — Reuters

Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico's economy and agriculture ministries said in a joint statement on Sunday.

apple.news

Guess the Mexican Exporters aren’t gonna eat the Trump Tomato Tariffs.. Minimum export prices per kilogram are set at $1.70 for cherry and grape tomatoes, $0.88 for Roma tomatoes, $0.95 for round tomatoes, and $1.65 for round tomatoes with stems. Other varieties, such as cocktail and heirloom tomatoes, will also have a minimum price of $1.70.

According to official figures, Mexico exported $3.3 billion of tomatoes last year.

"This action reinforces the government's commitment to agricultural competitiveness, dignified rural employment, and food sovereignty," the ministries said.

The ministries added that Mexican associations of tomato producers have expressed support for the agreement, which entered into force immediately after its publication on August 8 in the government's official gazette.
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Tomatoes are a huge "cha-ching" for big pharma.

Think about it eh. What goes on pasta, pizza, burgers, potatoes, tacos and compliments the flavour of high density fats in cheese as well as the vegetable and seed oils they are cooked with or in salad dressing?

Botswanan pink kale? Fuck no.

'Maters goes with them thar stuffs.

 

[Ron in Regina]

When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a take which may be proved optimistic at best, and misguided at worst.

While tariffs have yet to significantly shift the dial on inflation—prompting individuals like Treasury Secretary Scott Bessent to label them the “dog that didn’t bark”—analysts are widely expecting the hikes to ultimately be paid for by the U.S.

So far the sharpest end of the tariff regime has yet to be felt. President Trump delayed his ‘Liberation Day’ tariffs by three months in order to agree deals with trading partners.

Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best — FORTUNE

Goldman Sachs estimates U.S. consumers now shoulder two-thirds of President Trump’s new tariff costs, with more companies planning to pass them on in the future.

apple.news

 

[Ron in Regina]

From January through April, Trump’s threatened tariffs triggered Mexican suppliers to double or even triple tomato exports to the U.S. — before tariffs went into effect.

The result? The U.S. market was flooded with Mexican tomatoes. Florida farmers saw the wholesale price of a box of tomatoes plummet from $16 per box to $3 or $4. DiMare said tomato farmers need around $10 or $11 per box to break even.

Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico's economy and agriculture ministries said in a joint statement on Sunday.

The decision follows Washington's withdrawal in July from a 2019 deal between the two countries which regulated Mexican tomato exports to the U.S..

The Trump administration on July 14 announced a duty of about 17% on imports of fresh tomatoes from Mexico.

While the new pricing rules apply exclusively to definitive exports, they don't restrict export volumes or impose maximum prices. Prices will be reviewed annually or sooner if market conditions demand, the Mexican ministries said.

Mexico sets minimum export prices for fresh tomatoes — Reuters

Mexico has set minimum export prices for fresh tomatoes to protect its domestic production and ensure internal supply after a bilateral agreement with the U.S. expired, Mexico's economy and agriculture ministries said in a joint statement on Sunday.

apple.news

Guess the Mexican Exporters aren’t gonna eat the Trump Tomato Tariffs.. Minimum export prices per kilogram are set at $1.70 for cherry and grape tomatoes, $0.88 for Roma tomatoes, $0.95 for round tomatoes, and $1.65 for round tomatoes with stems. Other varieties, such as cocktail and heirloom tomatoes, will also have a minimum price of $1.70.

According to official figures, Mexico exported $3.3 billion of tomatoes last year.

"This action reinforces the government's commitment to agricultural competitiveness, dignified rural employment, and food sovereignty," the ministries said.

The ministries added that Mexican associations of tomato producers have expressed support for the agreement, which entered into force immediately after its publication on August 8 in the government's official gazette.
View attachment 30499

“You can’t even afford to pick them right now,” said Heather Moehling, president of the Miami-Dade County Farm Bureau. “Between the cost of the labor and the inputs that goes in, it’s more cost-effective for the farmers to just plow them right now.”

(It’s not just Florida tomato growers feeling the pinch. Canada has imposed a 25% tariff on U.S. watermelons in retaliation for Trump’s tariffs on Canadian products. DiMare knows one watermelon grower who’s lost Canadian customers to Mexican watermelon suppliers as a result)

Tony DiMare’s family owns 4,000 acres of tomato farms across Florida and California. Sadly, his Florida crops are not looking good — mowed over and left to rot, like tomato vines across the state.

DiMare told WSVN 7 Miami that President Donald Trump’s tariff and immigration policies are driving farmers to abandon their crops.

In January, he warned that Trump’s crackdown on migrants would squeeze farmers, who rely on migrants to pick produce.

“We have to secure our borders south and north, but you have to have a workforce in this country,” he told the Financial Post.

Farmonaut notes that the impacts of tariffs and immigration policy on farmers will have a knock-on effect in grocery stores. If U.S. farmers don’t have enough workers to harvest crops, Americans will have to buy more imported produce, and pay more due to tariffs.

‘Can’t even afford to pick them’: Florida farmers are now plowing over perfectly good tomatoes as Trump tariff policies cause prices to plummet and workers to flee. How farmers are reacting — Moneywise.com

Deportations, cheap imports eat into profits.

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(YouTube & U.S Wheat Shipments REJECTED – Buyers Flood Canadian Markets Instead)

(YouTube & India, Canada, Spain Cancel U.S. Deals Over Trump’s Tariffs | Over $100 Billion Lost?)

 

[Ron in Regina]

China announces 75.8 per cent tariffs on Canadian canola — The Canadian Press

China announced a 75.8 per cent preliminary tariff on Canadian canola on Tues

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….following an anti-dumping investigation launched last year in response to Canada's tax on Chinese electric vehicles.

China's Ministry of Commerce published the details of the plan on Tuesday, claiming the "dumping" of Canadian canola into the Chinese market is hurting its domestic canola oil market.

The Canola Council of Canada says "anti-dumping investigations are initiated when a country suspects a product is being imported at a lower price than it is sold for in the domestic country in which it is produced.

 

[petros]

China announces 75.8 per cent tariffs on Canadian canola — The Canadian Press

China announced a 75.8 per cent preliminary tariff on Canadian canola on Tues

apple.news

….following an anti-dumping investigation launched last year in response to Canada's tax on Chinese electric vehicles.

China's Ministry of Commerce published the details of the plan on Tuesday, claiming the "dumping" of Canadian canola into the Chinese market is hurting its domestic canola oil market.

The Canola Council of Canada says "anti-dumping investigations are initiated when a country suspects a product is being imported at a lower price than it is sold for in the domestic country in which it is produced.

I bet I can trade sea can of canola for 3 sea cans of cars if routed thru Vietnam.

 

[Ron in Regina]

I bet I can trade sea can of canola for 3 sea cans of cars if routed thru Vietnam.

“There are geopolitical forces and we seem to be getting side-swiped,” said Dale Leftwich, Policy Manager at SaskOilseeds, adding that farmers feel like “collateral damage.”

Canola farmers feel their livelihoods are being sacrificed to save the auto industry — The Globe and Mail

Crushing plants in Western Canada will struggle without access to the Chinese market

apple.news

“This is fairly devastating right now,” said Alberta farmer Roger Chevraux. His crop is around three weeks away from harvest and it lost $90,000 in value after markets reacted and the price per bushel dropped by $1. Beijing’s actions are not about dumping and effectively cut off Canada’s most lucrative crop from one of its most important markets weeks before harvest, say many in the sector.

Canadian canola is exported in accordance with rules based trade and fair market access, said Chris Davidson, President of Canola Council of Canada. Beijing’s tariffs are instead a “political issue that needs a political resolution,” he said.

(The anti-dumping investigation came after Ottawa imposed 100-per-cent tariffs on Chinese-made electric vehicles and 25-per-cent tariffs on Chinese steel and aluminum. Beijing imposed 100-per-cent tariffs on meal and oil in March as retaliation for Ottawa’s tariffs. Now all three canola products - meal, seed and oil - are facing Chinese tariffs)

Mr. Chevraux will try to hold onto the crop until prices improve. But storage space is limited and September is an expensive time of year. Costs like fuel from running harvest machinery and the bill for fertilizer might force a number of farmers to take a low price. The price could also fall lower.

“We need a return to rules based trade all the way around the world ... We need normal trade we can rely on.”

Ottawa wants certainty from China before making concessions on canola tariffs, minister says — The Globe and Mail

Beijing announced 75.8% tariffs on Canadian canola seed at the end of an anti-dumping probe that followed Ottawa’s 100% tariffs on Chinese-made EVs

apple.news

In the meantime, Mr. Chevraux would like to see Ottawa offer compensation.“They’re willing to support other industries in Canada. I sure hope they don’t forget about us.” Valued at $4-billion in annual exports, China is the largest market for Canadian canola seed. It is also the largest vegetable oil consumer in the world, with an annual consumption of 38.3 mmt. The product set for China cannot be easily move elsewhere.

 

[bob the dog]

Hearing Bicks pickles are clinging by a thread. Apparently only made for the Canadian market.

 

[petros]

“There are geopolitical forces and we seem to be getting side-swiped,” said Dale Leftwich, Policy Manager at SaskOilseeds, adding that farmers feel like “collateral damage.”

Canola farmers feel their livelihoods are being sacrificed to save the auto industry — The Globe and Mail

Crushing plants in Western Canada will struggle without access to the Chinese market

apple.news

“This is fairly devastating right now,” said Alberta farmer Roger Chevraux. His crop is around three weeks away from harvest and it lost $90,000 in value after markets reacted and the price per bushel dropped by $1. Beijing’s actions are not about dumping and effectively cut off Canada’s most lucrative crop from one of its most important markets weeks before harvest, say many in the sector.

Canadian canola is exported in accordance with rules based trade and fair market access, said Chris Davidson, President of Canola Council of Canada. Beijing’s tariffs are instead a “political issue that needs a political resolution,” he said.

(The anti-dumping investigation came after Ottawa imposed 100-per-cent tariffs on Chinese-made electric vehicles and 25-per-cent tariffs on Chinese steel and aluminum. Beijing imposed 100-per-cent tariffs on meal and oil in March as retaliation for Ottawa’s tariffs. Now all three canola products - meal, seed and oil - are facing Chinese tariffs)

Mr. Chevraux will try to hold onto the crop until prices improve. But storage space is limited and September is an expensive time of year. Costs like fuel from running harvest machinery and the bill for fertilizer might force a number of farmers to take a low price. The price could also fall lower.

“We need a return to rules based trade all the way around the world ... We need normal trade we can rely on.”

Ottawa wants certainty from China before making concessions on canola tariffs, minister says — The Globe and Mail

Beijing announced 75.8% tariffs on Canadian canola seed at the end of an anti-dumping probe that followed Ottawa’s 100% tariffs on Chinese-made EVs

apple.news

In the meantime, Mr. Chevraux would like to see Ottawa offer compensation.“They’re willing to support other industries in Canada. I sure hope they don’t forget about us.” Valued at $4-billion in annual exports, China is the largest market for Canadian canola seed. It is also the largest vegetable oil consumer in the world, with an annual consumption of 38.3 mmt. The product set for China cannot be easily move elsewhere.

Bin it and wait. It's money in the bank.