Trade war continues to escalate, tilapia tariffs rise to 45%

This also means that the tariff rate on seafood exported to the United States, including tilapia, will rise from 25% to 45%. The U.S. Customs and Border Protection (CBP) recommends that if Chinese goods are to be exempted from tariffs, they must enter the United States before March 7. In 2024, China will export about 123,000 tons of frozen tilapia and fish fillet products to the United States, an increase of more than 10% from 107,000 tons in 2023; the average price in 2024 will be $3,384/ton, higher than $2,846/ton in 2023. Mexico and Israel are the second and third largest export markets. In 2024, China's sales to the Mexican and Israeli markets will be 104,000 tons and 29,000 tons respectively, and the price will be $3,480/ton, $3,674/ton. During Trump's presidential campaign, he threatened to impose a 60% tariff on Chinese goods. In the fourth quarter of last year, a large amount of tilapia was shipped to the United States in advance. In December, the United States imported ...