The United States extends tariff exemptions for some Chinese seafood products, but the shadow of the trade war remains

Published Jun 4, 2024

Tridge summary

In 2023, the US imported various seafood products from China, including frozen haddock, frozen flatfish fillets, and crab meat, and also exempted frozen snow crab and treasure crab meat from import tariffs. Despite this, the trade war with China, particularly in seafood, has led to increased tariffs, the most affected being frozen tilapia, resulting in paying up to $219 million in tariffs for $1.6 billion worth of Chinese seafood. The National Fisheries Institute has urged the USTR to cancel all seafood tariff items, warning that they will weaken the competitiveness of seafood companies and increase food prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, the United States imported 6,772 tons of frozen haddock from China, worth 45.2 million tons of US dollars; 10,166 tons of frozen flatfish fillets, worth nearly 51.06 million US dollars; and 160 tons of crab meat, worth 3.32 million US dollars. In addition, the United States also exempted frozen snow crab and treasure crab meat from import tariffs, but there are no relevant trade records for these two commodities. On December 22 last year, the United States announced an import ban on Russian seafood, excluding Russian haddock raw materials processed in China. In the first quarter of this year, China imported 7,085 tons of haddock raw materials, of which 1,840 tons came from Russia, accounting for 26%. In the first quarter of last year, 3,910 tons of haddock were imported, and Russian raw materials accounted for 77%. In the eyes of US importers, the current extension of the tariff exemption period for some goods is the only good news during the trade war. The Biden ...

Source: Foodmate