China-U.S. squid trade stagnates, as companies accelerate expansion into domestic and Southeast Asian markets

Tariffs of over 170% "freeze" China-US squid trade Currently, China's squid products exported to the US are facing unprecedented high tax barriers - 25% Section 301 tariffs, 20% fentanyl-linked tariffs, plus 125% "reciprocal" tariffs, with a total tax rate of up to 170%. In contrast, China also imposed a 125% counter-tariff on squid products imported from the United States (except for bonded purposes). This has caused squid products to be the first to suffer from the squeeze on China-US seafood trade. "Substantial suspension". A person in charge of a large squid processing company in Zhejiang revealed: "Since the end of the Boston Seafood Show, US orders have almost returned to zero. Competitors in the same industry are also in a wait-and-see state and dare not sign orders at all." An exporter in Fujian also admitted that the year-on-year growth in exports from January to February 2025 (2,155 tons vs. 2,031 tons) is just the "export rush" effect before the tariff takes effect. ...