May 8, 2025 — U.S. President Donald Trump’s trade war has sent seafood companies scrambling to move production and secure new trade partners as they desperately seek to avoid the brunt of new tariffs.
“We’re living in a brave new world,” Matthew Latimer, managing director and general counsel of ACT Capital Advisors, said during a panel at Seafood Expo Global, which took place from 6 to 8 May in Barcelona Spain. “The recent round of trade restrictions and tariffs that were announced in the United States have triggered a scramble among seafood suppliers and distributors and wholesalers and retailers to constantly adapt – maybe on a daily basis – to an ever-changing trade environment. Geopolitical conflicts have disrupted supply chains, consumptions trends, and human lives, and then economic and environmental and regulatory changes have put pressure on operators to deliver sustainable, high quality, desirable products, all while navigating increased market complexity.”
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