Saving Seafood

Seafood industry awaits details before celebrating ‘phase one’ US-China deal

January 17, 2020 — The US and China may have reached the interim trade agreement that loosely promises to commit China to purchasing more US seafood products, but the seafood industry is keeping its party hats and noisemakers in the drawer.

In a ceremony held Wednesday at the White House, US president Donald Trump and China vice premier Liu He signed the so-called “phase one” trade deal that has been described as hitting the pause button on a two-year trade war that has devastated the US agriculture and seafood industries.

The deal, which is expected to take effect in mid-February and spelled out in an 86-page document, commits China to buying $200 billion worth of additional US products, goods and services over the next two years, reducing the US’ bilateral trade deficit in goods, which hit $420 billion in 2018. It removes planned US tariffs on Chinese cellphones, toys and laptops, as well as halving the existing tariffs on approximately $120bn worth of Chinese goods, the Financial Times recounts.

Read the full story at Undercurrent News

“Phase One” US-China trade deal signed at White House

January 15, 2020 — The so-called “Phase One” trade deal, which cancels current and proposed U.S. tariffs on Chinese goods in exchange for structural economic reforms in China, was formally by U.S. President Donald Trump and Chinese Vice Premier Liu He on Wednesday, 15 January at the White House in Washington D.C.

The deal, which includes specific provisions pertaining to seafood, will go into effect in 30 days.

Read the full story at Seafood Source

EU warns refusal to give access to UK fishing waters after Brexit could lead to new cod war

January 9, 2020 — Failure to grant the European Union access to British fishing waters after Brexit could lead to an outbreak of cod war style hostilities, the EU has warned.

Brussels is demanding continued access to British waters as a condition of the trade deal but Boris Johnson has warned the European Commission that Britain will take back control of its waters once Britain leaves the EU.

“We want to avoid any fisheries skirmishes in the Atlantic. We have seen them before we don’t want to see them again,” Croatian Prime Minister Andrej Plenkovic said at a press conference with Charles Michel, the European Council president in Zagreb

Read the full story at The Telegraph

Facing new threats, lobstermen take hard line against right whale protections

January 3, 2020 — Their catch this year has plummeted, while their exports to China have been gutted by the trade war. The government has imposed strict quotas on their primary bait. And they’re facing serious lawsuits that could affect how they fish.

Now, the region’s lobstermen are facing a new, imminent threat, one that could drastically change how they’ve operated for generations: regulations to protect North Atlantic right whales.

With a population that has dwindled by 20 percent over the past decade to about 400, the critically endangered species is at risk of extinction, largely because of hundreds of thousands of buoy lines that extend from the surface to the seafloor in the Gulf of Maine.

As a result, federal regulators are considering rules that could cut as many as half those lines, the leading cause of right whale deaths.

But lobstermen here say such limits could devastate an industry that contributes an estimated $1.5 billion to the state’s economy, and their opposition has been building for months, with the support of their state’s leaders.

Read the full story at The Boston Globe

Little-noticed document from US-China ‘phase one’ trade deal hints of positives for US seafood

December 19, 2019 — Language contained in a short, somewhat vague document included as part of the so-called “phase one” US-China trade agreement announced Friday — but not widely publicized — hints at some positive developments coming soon for US seafood harvesters, processors, wholesalers and exporters, Undercurrent News has learned.

But the seafood industry will likely have to wait another month for the details.

Under the heading of “expanding trade”, the US Trade Representative (USTR)’s two-page fact sheet, handed out to stakeholders, says China has committed to exceeding its 2017 purchase of US goods and services by no less than $200 billion, including “manufactured goods, food, agricultural and seafood products,” among other things.

It further adds that the increase should “continue on this same trajectory for several years after 2021 and should contribute significantly to the rebalancing of the US-China trade relationship.”

Read the full story at Undercurrent News

United States and China reach agreement to deescalate trade war

December 13, 2019 — The United States and China announced an agreement in which China will make structural reforms to its trading policies and strengthen its intellectual property protections in exchange for a reduction of current and proposed U.S. tariffs.

The U.S. will cancel its plan to implement another round of tariff increases later this month, and will reduce its 15 percent tariffs to 7.5 percent on USD 120 billion (EUR 107.9 billion) worth of Chinese goods. It will leave in place 25 percent tariffs on an additional USD 250 billion (EUR 224.8 billion) of Chinese imports, however, according to the Office of the U.S. Trade Representative (USTR). The USTR did not identify which goods would see reduced tariffs.

Read the full story at Seafood Source

Despite trade war, US seafood companies still see positives in China

October 31, 2019 — Since the start of the trade war between the United States and China over a year ago, certain sectors of the seafood industry have seen sharp drops of trade between the two countries.

The United States and China have taken turns ramping up tariffs on each other’s products, starting at 10 percent tariff rates and escalating to 25 percent duties on most products, including seafood, traded between the two countries.

Read the full story at Seafood Source

US to hit EU with USD 7.5 billion in tariffs; mussels, clams among seafood products affected

October 3, 2019 — The United States will impose tariffs valued at USD 7.5 billion (EUR 6.8 billion) against the European Union in what it says is a response to E.U. subsidies to aerospace firm Airbus that broke World Trade Organization rules.

The WTO approved the tariffs on 2 October, and the Office of the U.S. Trade Representative has said they will come into force as early as 18 October. They include 10 percent tariffs on Airbus parts and 25 percent duties on other goods, including some food products. A majority of the products on the list are luxury food products such as cheese, olives, and wine. In the category of seafood, prepared or preserved mussels, clams, cockles, razor claims, and molluscs all will be hit with 25 percent tariffs, according to a list released by the USTR.

Read the full story at Seafood Source

MASSACHUSETTS: Congressional delegation urges feds to find new lobster markets

September 19, 2019 — As the United States trade war with China continues to take its toll on Massachusetts lobstermen, members of the state’s Congressional delegation, including U.S. Sen. Elizabeth Warren, are urging the Trump administration to find new markets for American lobster exports.

Sens. Warren and Ed Markey and Congressmen Joseph Kennedy III, William Keating, Stephen Lynch and Seth Moulton wrote a letter to U.S. Trade Representative Robert Lighthizer on Monday imploring him assist the local lobster industry.

The lawmakers said that China’s 25 percent tariffs on imported American lobsters has had a “material impact” on the state’s lobster industry, already forcing at least two businesses to close and leaving 250 people out of work.

Read the full story at the Gloucester Daily Times