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How the latest US tariffs are likely to impact the shrimp, salmon and tilapia sectors
['Rob Fletcher']
The Fish Site - All news & features
Domestic market development may offer a partial buffer, but the path forward remains fraught with complexity."
ShrimpFor shrimp, US tariffs of up to 50 percent are disproportionately affecting Asian exporters, including India, Vietnam and Indonesia, while Ecuador faces tariffs of no more than 15 percent, giving them the edge.
Given the improbability of passing on tariffs exceeding 40% to US consumers, a decline in domestic shrimp consumption appears inevitable.
This makes Chinese tilapia the most heavily taxed major seafood product in the US market.
“The likely outcome is a sharp contraction in US consumption of freshwater fish, driven by the loss of Chinese tilapia as a competitive option.
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