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Price of tomatoes expected to skyrocket due to tariff

(NBC News) – Consumers could see a big price hike in the produce aisle in the coming months.

The cost of tomatoes imported from Mexico is expected to increase due to a new 17.5 percent tariff imposed this week.

The move follows the termination of a 22-year agreement between U.S. and Mexican growers that could lead to shortages and price hikes.

According to experts, consumers could see increases of up to 85 percent on tomatoes between now and this winter.

Tomatoes from Mexico account for more than 50 percent of the U.S. market.

The Commerce Department says it is continuing to negotiate to come up with a solution.

NBC News

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