Seafood Traders And Processors Say The Tariff War Has Disrupted The Market

Context:

 This occurred during the Trump administration's trade war with China, where tariffs were used as leverage in negotiations over trade practices and intellectual property.

Tariff Actions:

 The U.S. raised tariffs on $200 billion worth of Chinese imports from 10% to 25% .

 China retaliated by raising tariffs on $60 billion of U.S. goods to up to 25%.

Impact on Seafood Industry:

• Chinese processors faced reduced competitiveness in the U.S. market due to higher tariffs.
• Some exporters shifted focus to domestic or alternative markets (e.g., Southeast Asia, EU).
• U.S. seafood importers scrambled to find non-Chinese suppliers, disrupting supply chains.

Broader Trade War:

 By 2019, tariffs covered over 360 billionin Chineseg oods and 360 billionin Chinese goods and110 billion in U.S. exports to China, affecting industries from electronics to agriculture.

Resolution:

 The Phase One trade deal (2020) eased tensions but left most tariffs in place. Many seafood tariffs remained until the Biden administration reviewed them.