Washington DC, July 15 -- The US has announced the withdrawal of the 2019 Agreement with Mexico, suspending the antidumping duty investigation on fresh tomatoes from the country, while ordering an antidumping duty of 17.09 per cent on most of its imports of tomatoes.

As per the European Commission, dumping is a trade practise of exporting goods at a lower price than the domestic market in order to increase one's market share internationally, while anti-dumping duties are additional taxes imposed on the imported goods by a country to maintain the prices in the national market.

In a statement on Monday (local time), the US Department of Commerce stated that the withdrawal of the almost three-decade-old agreement and imposition of the anti...