The Mexican tomato tax ignites discussion among US farmers and importers.
Farm groups and Republican legislators are expressing significant concern over a 21% tariff on fresh tomato imports from Mexico, which is set to be implemented on Monday. This move could potentially disrupt North American supply chains that yield billions of pounds of tomatoes annually. At the core of the issue lies the termination of the […]
US booze importers cancel European wine shipments — and brace for devastating losses — as Trump tariffs loom
US liquor importers are cancelling cargo from Europe and paying potentially catastrophic losses as President Trump threatens 200% higher tariffs that could take effect next month. The US Wine Trade Union, which represents around 6,000 retailers and wholesalers, said President Trump's threat of slapping 200% tariffs on European alcohol had a calm effect, with some […]
Trump plans ‘External Revenue Service’ for tariffs paid by US importers
Former Congressional Budget Office Director Doug Holtz-Eakin explains the impact of tariffs on Canada's economy and shares his thoughts on President-elect Trump's agenda and the Speaker's vote. President-elect Trump on Tuesday announced plans to create a new “External Revenue Service” tasked with collecting customs revenue, but economists pushed back, saying the agency that would bear […]
US port strike: GM, Walmart, LG top importers at impacted ports
John Cassimitidis, chairman and CEO of United Refining Company and Red Apple Group, discusses Mr. Biden's non-intervention in the port strike and how it fuels inflation. , explain what will increase the price of food and oil. An ongoing longshore union strike has shut down several ports on the U.S. East Coast and Gulf Coast […]