WASHINGTON (CBSDFW.COM/AP) — The U.S. Department of Commerce says it has reached a tentative deal with Mexican tomato producers to prevent unfairly cheap produce from reaching American consumers, heading off a potential 2% tariff.
Secretary of Commerce Wilbur Ross said Wednesday the draft agreement “meets the needs of both sides.”READ MORE: Supply Chain Issues Have Created An Alcohol Shortage As Holidays Approach
The U.S. imports about $2 billion of Mexican tomatoes yearly.READ MORE: Arlington Police Officer Fired After Deadly Shooting
The agreement sets minimum prices for Mexican tomatoes, including a 40% premium on organic imports.
The final deal has to be signed by Sept. 19 in order to definitively suspend an investigation that could have led to the tariffs. The probe into alleged dumping and price suppression began at the request of the Florida Tomato Exchange.MORE NEWS: Rowlett Family Creates Horror Characters From Scratch For 'Nightmare' Halloween Display
Commerce says the deal with benefit tomato producers across America, including those in Florida, Texas and Arizona.