President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.

The August 1 deadline gives the countries time to negotiate agreements that could lower the tariffs. Some investors and economists have also noted Trump's pattern of backing off his tariff threats.

President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.

Rep. Tony Gonzales (R-Texas) said he supports President Trump’s approach to tariffs on Mexico, even though he acknowledged the tax on imported goods will likely hurt Texans if it takes effect. In

Mexican President Claudia Sheinbaum on Tuesday said Mexico will take action if an agreement with Washington regarding new tariffs is not reached by the August 1 deadline set by her U.S. counterpart Donald Trump.

The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.

Developers are facing mounting delays and financing hurdles as the once-white-hot sector enters a recalibration phase.

Smith Tomato Farm in Steele is a large operation. It has 120 acres of tomato crops and produces about 10 million tomatoes every year. The farm said this move from Washington could be the most important step taken in decades to save American farms.