Saving Seafood

UK proposes new tariffs on US lobsters and other goods

May 26, 2021 — Lobsters, wine, and chocolate imported into the United Kingdom from the United States could face new tariffs under proposals from the U.K. government to rebalance the list of goods it targets as part of the ongoing trade conflict around steel and aluminum.

The administration of former U.S. President Donald Trump introduced 25 percent and 10 percent tariffs on steel and aluminum imports, citing national security concerns, prompting retaliatory measures from the European Union on goods such as motorcycles, whiskey, and tobacco.

Read the full story at Seafood Source

Pandemic accelerates major shifts in China’s seafood marketplace

April 27, 2021 — Long a proponent of sourcing more seafood from overseas, China’s central government has shifted its strategy in response to pressures related to COVID-19.

China continues to encourage seafood imports, which have long been seen as a means of dampening consumer price inflation. Recently, China reduced the tariff on frozen cod from 7 percent to 2 percent, while duties on ribbonfish, frozen crab, and frozen small shrimp were also reduced from 7 percent to 5 percent. The rate on live or fresh abalone imports dropped from 10 percent to 7 percent. The biggest cut was for “fertilized fish eggs,” which went from 12 to zero percent. Chinese import taxes for most seafood range from 5 percent to 7 percent, while VAT is charged at 9 percent.

Read the full story at Seafood Source

Biden’s early days show new tack on trade, but little chance of China tariff removal

April 23, 2021 — As the administration of U.S. President Joe Biden approaches its one-hundredth day in charge, its early actions are laying the groundwork for the country’s stance on trade.

Speaking during a National Fisheries Institute Global Seafood Market Conference webinar covering the first 100 days of the Biden administration, NFI Vice President for Government Affairs Robert DeHaan predicted the new administration will likely take a different tack than that of former U.S. President Donald Trump. SeafoodSource is providing exclusive coverage of the GSMC webinar series, which will be providing market-focused content throughout 2021.

Read the full story at Seafood Source

ALASKA: Kodiak Fisheries Adjust to Tariffs, Pandemic and Climate Change

April 15, 2021 — For the first time in 20 years, China is not a viable market for U.S. seafood suppliers due to increased tariffs between the two countries, as well as complications caused by the COVID-19 pandemic. This uncertainty has raised concerns among Kodiak processors, harvesters and industry leaders.

In an effort to keep processors working, the trawl industry had requested that the rockfish season begin on April 1, one month earlier than is typically authorized.

Read the full story at Seafood News

Analysts predict little shift in US-China trade policy in early days of Biden administration

December 17, 2020 — With the U.S. Electoral College certifying President-elect Joe Biden’s victory over President Donald Trump, the country has continued the transition of power, which will culminate in the 20 January inauguration.

As the Biden administration continues to announce its cabinet picks, analysts are expecting that the country’s current stance on international trade likely won’t shift nearly as much.

Read the full story at Seafood Source

USDA extends sign-up period for Seafood Trade Relief Program

December 8, 2020 — The U.S. Department of Agriculture (USDA) has announced a one-month extension to the signup period for the Seafood Trade Relief Program.

The program is designed to support the U.S. seafood industry by offsetting some of the impacts of retaliatory tariffs implemented by foreign governments. Thanks to the extension, impacted fishermen can now sign up for the program through 15 January, 2021.

Read the full story at Seafood Source

U.K. Sees Brexit Deal Within Days If EU Moves on Fisheries

December 1, 2020 — Boris Johnson’s officials believe a Brexit trade deal could be reached within days if both sides continue working in “good faith” to resolve what the U.K. sees as the last big obstacle in the talks — fishing rights.

Foreign Secretary Dominic Raab called on the European Union to recognize that regaining control over British waters is a question of sovereignty for the U.K. He drew a positive picture of the state of negotiations and said he believed a deal on fish “ought” to be achievable during what could be the final week of talks.

“I think it’s important that the EU understand the point of principle,” Raab told the Sophy Ridge on Sunday show on Sky News. “If they show the pragmatism, the goodwill and the good faith that in fairness I think has surrounded the last leg of the talks, and certainly we’ve shown in our flexibility, I think there’s a deal to be done.”

If negotiations fail, millions of businesses and consumers will face higher costs, with tariffs on goods as well as disruption to critical supply chains. The Brexit transition period ends on Dec. 31, when the U.K. is scheduled to leave the EU’s single market and customs regime.

Read the full story at Bloomberg

Tensions rise as WTO subsidies negotiation deadline looms

December 1, 2020 — With the World Trade Organization currently hosting last-ditch talks on ending harmful fisheries subsidies, there is increased worry among observers that a deal may not get done.

Delegations are working to close the gaps in a text circulated at the WTO headquarters in Geneva, Switzerland, according to Annabelle Bladon, a researcher on the blue economy at the International Institute for Environment and Development (IIED).

Read the full story at Seafood Source

EU agrees to eliminate tariffs on US lobster

December 1, 2020 — The European Union parliament has officially passed a mini trade deal with the U.S. that will see all tariffs on U.S. lobsters dropped for the next five years.

In a vote with 638 affirmative, 45 against, and 11 abstentions, the parliament confirmed that all U.S. lobster imports to the E.U. will no longer be subject to an 8 percent tariff, retroactive to 1 August. The tariffs will be removed for the next five years, and the E.U. will work to make the removal permanent.

Read the full story at Seafood Source

Northwest US maritime industry looks to a better 2021

November 27, 2020 — Battered by trade wars and COVID-19, the U.S. Northwest maritime industry is applying lessons learned from both crises, according to leaders who spoke at Pacific Marine Expo’s virtual Maritime Economic Forecast.

With China as its number-one trading partner, the Northwest Seaport Alliance of Seattle and Tacoma saw immense change as a result of U.S.-China trade disputes, followed by a steep falloff in vessel traffic as COVID-19 reverberated in the world economy.

Read the full story at Seafood Source