The US is imposing a 17% tariff on most tomatoes imported from Mexico with immediate effect, the government said. The duty came into force after the US withdrew from a long-standing agreement with its southern neighbour,

While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10 percentage points higher than what the president said he would apply to America's largest trading partner in April but lower than his mid-May threat of 50%.

Donald Trump has imposed a 17 percent tariff on tomatoes imported from Mexico, leaving shoppers and business owners bracing for the price of the grocery staple to increase. The tariffs took effect on Monday after the U.

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week.

Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.

President Donald Trump announced Monday that the United States will impose "very severe tariffs" on Russia in 50 days if no deal is reached to end the war in Ukraine.

President Donald Trump has sent out around two dozen tariff letters in the past week, and one of the latest ones went to the European Union, threatening a 30% tariff on imports to the U.S. beginning Aug.