Alaska Fish Factor
25 percent retaliatory tariff imposed by China on US imports last July caused 36 percent drop in US seafood sales
August 8, 2019
It’s been one year, so how’s that trade war with China working out for the nation’s seafood industry?
As with farmers, there’s not much winning and ongoing tweeted skirmishes have global fish markets skittish.
The quick take is the 25 percent retaliatory tariff imposed by China on US imports last July caused a 36 percent drop in US seafood sales, valued at $340 million, according to an in-depth analysis of Chinese customs data by Undercurrent News.
“Chinese imports of US seafood fell from $1.3 billion in the 12 months prior to tariffs (July 1, 2017-June 30, 2018), to $969m in the...