Will the tariff tiff tear at the fabric of Canada-U.S. seafood trade?
From snow crab and lobster to Pacific salmon, seafood is a trade driver between Canada and the United States. This cross-border commerce has mutually benefited the two nations, but rising trade tensions now threaten this critical supply chain. This month, President Donald Trump has signed executive orders imposing broad tariffs on Canada, Mexico and China, its top trading partners. With a trade war still looming, the seafood sector faces uncertainty over pricing, market access and job security. Across Canada, industry leaders are bracing for economic fallout as possible tariffs could disrupt the flow of seafood between the two nations. The seafood trade between Canada and the United States generates billions in revenue annually, benefiting both countries. Canada imported (U.S.) $3.1 billion worth of seafood in 2023 alone, with the United States supplying the largest share at $1 billion – making up 31 percent of Canada’s total seafood imports. On the flip side, the United States imported more than $3.6 billion in seafood products from Canada, making it the country’s largest supplier. more, >>CLICK TO READ<<< 10:39
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