Jul. 15 at 12:36 AM
$SPY Breaking News - kinda 🥹😂🍅🚬👀
Trump administration imposes 17% tariff on fresh Mexican🍅's AP last 2hr
Proponents said the import tax will help rebuild the shrinking U.S. tomato industry and ensure that produce eaten in the United States is also grown there. But opponents, including U.S. companies that grow tomatoes in Mexico, said the tariff will make fresh tomatoes more expensive for U.S. buyers 🍅
Mexico currently supplies around 70% of the U.S. tomato market, up from 30% two decades ago, according to the Florida Tomato Exchange.
The move comes amid a separate push by President Trump to increase tariffs on dozens of U.S. trading partners, including Mexico, which was told over the weekend to expect 30% tariffs starting in August. Secretary of Commerce Howard Lutnick said in a statement Monday that the decision on tomatoes is "in line with President Trump's trade policies and approach with Mexico🍅
$SMG $TOMATO.X
$BTC.X
$TSLA
Bitcoin for tomatoes- ANYONE?
