CNN —
If tomato prices jump because of new tariffs on the Mexican-grown produce, restaurant owner Teresa Razo says her businesses could go bust.
“I give it three months, and then we go bankrupt,” said Teresa Razo, owner of two Argentine-Italian restaurants in Southern California.
On July 14, a nearly three-decade-old US-Mexico trade agreement may give way to 20.9% tariffs on most Mexican tomato imports. That could mean higher prices for Americans at the grocery store, at the pizza parlor — anywhere that uses tomatoes. And for some small businesses, higher prices could
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