US: Trade experts predict Trump's trade strategy will increase barriers for seafood importers

Published Nov 12, 2024

Tridge summary

U.S. President-elect Donald Trump's plans to raise tariffs on imports are predicted to have a significant impact on the seafood industry, with 70% of seafood consumed in the U.S. coming from other countries. The Trump administration's focus on international trade and potential implementation of additional tariffs, particularly on goods from China, could lead to increased import barriers and potential trade disputes. This could result in increased antidumping and countervailing duty orders against countries, including China, due to concerns over forced labor. The U.S. Department of Commerce, NOAA, and U.S. CBP are expected to increase enforcement of trade remedy laws to prevent mislabeling. However, trade experts caution that the World Trade Organization may be ineffective in addressing any trade disputes that may arise.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

U.S. President-elect Donald Trump’s stated plans to raise tariffs on a wide swath of imports has trade experts and seafood trade groups predicting a tumultuous four years for the seafood industry.Trump has promised to institute a range of trade policies in his coming administration, including adding tariffs as high as 60 percent on goods from China and 20 percent on goods from other countries. Peter Quinter, a U.S. customs and international trade attorney at Florida-based law firm Gunster, told SeafoodSource that any additional import barriers will affect most of the seafood Americans eat.“Seventy percent of seafood consumed by Americans is from other countries, so whatever international trade policies are espoused by the incoming Trump administration will be significant,” he said. “The incoming Trump administration appears to be very focused on international trade, especially with regard to the implementation of additional tariffs on many commodities applicable to all countries, ...

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