Saving Seafood

Deal announced to halt parallel tariffs between US and UK

June 18, 2021 — Just days after policymakers announced a five-year suspension of tariffs between the United States and European Union – winding down a decades-long trade conflict – officials announced a similar deal is being struck between the U.S. and United Kingdom.

The agreement is in regards to an ongoing civil aircraft dispute involving U.S.-based Boeing and E.U.-based Airbus. According to a release from the U.S. Trade Representative, the framework for a deal between the U.S. and U.K. is similar to that reached earlier this week with the E.U.

Read the full story at Seafood Source

National Fisheries Institute Statement on Suspension of UK Tariffs

June 17, 2021 — The following was released by the National Fisheries Institute:

Just days after the US and European Union (EU) officials announced plans to suspend tariffs on goods involved in the Boeing/Airbus trade dispute, policy makers are revealing a similar deal with the United Kingdom (UK.)

The decision to halt parallel tariffs on effected US and UK products, for five years, is an important move. It helps produce a more consistent climate for seafood companies to operate in. Stability and predictability, especially in export markets, are prized and contribute to market growth.

The National Fisheries Institute supports decisions, like these, that will increase opportunities for US seafood companies.

US-EU trade war winding down with five-year suspension of tariffs

June 16, 2021 — The United States and the European Union have resolved a trade dispute that had resulted in a ramping up of tariffs, including on some seafood products.

The quarrel, dating back to 2004, centered around subsidies for European airplane-maker Airbus and U.S. plane manufacturer Boeing. The dispute was brought before the World Trade Organization, which ruled in October 2020 that each side could impose billions of dollars in tariffs.

Read the full story at Seafood Source

Some Relief For Seafood Industry Thanks to Airbus-Boeing Deal

June 16, 2021 — On Tuesday the United States and European Union announced a cooperative framework to address the large civil aircraft disputes which have been raging since 2004. As part of the agreement, the U.S. and EU have agreed to move away from “past confrontation in pursuit of a cooperative future by suspending the tariffs related to this dispute for five years.”

“After years of bitter litigation and weeks of intense diplomacy, we have reached a deal on a set of high-level principles that resets U.S.-EU engagement in the large civil aircraft industry,” U.S. Trade Representative Katherine Tai said in a press release. “We are strongest when we work with our friends and allies, and the partnership with European Commission Executive Vice President Valdis Dombrovskis is a demonstration of that principle in action.”

Read the full story at Seafood News

National Fisheries Institute Statement on Suspension of EU/US Tariffs

June 16, 2021 — The following was released by the National Fisheries Institute:

The National Fisheries Institute applauds the decision to suspend tariffs on goods involved in the Boeing/Airbus trade dispute. Today U.S. and European Union (EU) policy makers revealed plans to shelve the tariffs for five years as part of a new agreement.

This bilateral action is an important development that helps seafood companies operate in a more predictable climate. The EU is an important growth market for US seafood exporters, and they will benefit from this more stable environment.

Throughout this dispute seafood has been collateral damage, as fish swimming in the Atlantic Ocean could not be further from the planes flying overhead. Today’s announcement is welcome news.

Proposed US tariffs on EU seafood products nearing end of consultation period

July 28, 2020 — A bevy of seafood products from the European Union could be the target of new tariffs by the United States, stemming from a dispute over European subsidies for Airbus.

Starting in October, several mainly premium goods from the E.U. – such as Scotch whisky, cashmere, cheeses, and others – have carried a 25 percent tariff, with salmon and other seafood products barely avoiding a tariff in the trade spat. The tariffs stem from U.S. criticisms of what it calls over-subsidization of Airbus by European governments, with the World Trade Organization (WTO) allowing the U.S. to take USD 7.5 billion (EUR 6.3 billion) in retaliatory tariffs, BBC news reported.

Read the full story at Seafood Source

US proposes tariffs on European Union goods, seafood products considered

April 9, 2019 — The administration of U.S. President Donald Trump announced on Monday, 8 April, it will consider adding new tariffs on products from the European Union, and seafood imports are on the list for potential duties.

The action stems from a World Trade Organization ruling that stated E.U. illegally subsidized airplane-maker Airbus, creating an unfair trade advantage. As a result of that ruling, the U.S. is contemplating tariffs on USD 11 billion (EUR 9.76 billion) in goods from the 28 member nations in the union.

“The E.U. has taken advantage of the U.S. on trade for many years,” President Trump tweeted on Tuesday morning. “It will soon stop!”

The announcement from Office of the U.S. Trade Representative gives a list of nine products from four E.U. members. The products include helicopters, aircraft, fuselages, and associated parts originating from France, Germany, Spain, and Great Britain.

However, a second list of products the Trade Representative is considering includes products from all member nations. The products include salmon fillets, swordfish steaks, crabmeat, clams, scallops, and other seafood items.

Read the full story at Seafood Source