From metals to seafood: 5 N.L. industries bracing for impact of potential U.S. tariffs
Newfoundland and Labrador industries with strong ties to the U.S. are bracing for impact in the face of President Donald Trump’s 25 per cent tariff threat, but some advocates are calling for a future where companies don’t exclusively rely on a trading partner to the south. On Saturday, the U.S. could impose tariffs on incoming Canadian goods. That has left some Newfoundland and Labrador industries worried. Association of Seafood Producers executive director Jeff Loder said Newfoundland and Labrador’s fishery is at stake under the threat of tariffs. About 90 per cent of snow crab harvested in the province is shipped to the U.S. “The snow crab fishery is set to open in the middle of March. This is already impacting negotiations between ASP and the FFAW. It will be one of the first sectors that’s directly impacted,” he said. more, >>CLICK TO READ<< 08:09
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