US slaps 17% tariff on fresh Mexican tomato imports
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
U.S. Antidumping Duties on Mexican Tomatoes: The U.S. Commerce Department has announced a 17.09% antidumping duty on most fresh tomato imports from Mexico, citing unfair trade practices and terminating a previous agreement that prevented such tariffs.
Impact on Trade Relations: This decision aligns with President Trump's trade policies and follows his recent imposition of a 30% tariff on imports from Mexico and the EU, affecting major U.S. companies in the tomato ketchup market.
Analyst Views on MOO
Wall Street analysts forecast MOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MOO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 78.880
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
