(UPDATED, Aug. 14) Sparking a 400-point rally in the Dow Jones Industrial Average, the United States Trade Representative said Aug. 13 the U.S. will delay tariffs on some imports from China until Dec. 15.
With a hint of possible trade retaliation against U.S. agricultural imports, Mexican industry leaders have warned that the current proposal from the U.S. create a new tomato suspension agreement is unacceptable.
Mexican avocado growers, packers and exporters are investing $12 million in a facility that will house research labs, U.S. and Mexico department of agriculture offices, and a research and development avocado orchard.
A Federal Register notice raises the possibility that growers of tomatoes in Florida and other states stand to receive some of the proceeds of the 17.56% anti-dumping duties paid by U.S. importers of Mexican tomatoes.
Agriculture Secretary Sonny Perdue, former governor of Georgia, said the conclusions in a study from the University of Georgia — his alma mater — about the U.S.-Mexico-Canada Agreement are “flat wrong.”