Trump’s tariffs are fishing sector’s biggest challenge since cod moratorium, minister says
Newfoundland and Labrador’s fishing industry is preparing for life with heavy economic tariffs in place. Fisheries Minister Gerry Byrne is calling this moment the biggest challenge to the industry since the 1992 cod moratorium. “Never since the 1992 moratorium has such a challenge been put before us,” Byrne told reporters on Tuesday. “While all sectors of the economy are affected by our ally’s betrayal, none more so than our fishery.” Ninety-six per cent of snow crab harvested in Newfoundland and Labrador in 2024 was shipped and sold to the United States. But Byrne says it’s unlikely the U.S. market is avoided entirely, and it will likely come down to what markets are willing to pay. “I have absolutely no doubt that even with a 25 per cent tariff, we can indeed sell to the United States. Buyers will buy, consumers will consume, it’s a question of the details,” he said. “U.S. consumers love Newfoundland and Labrador’s snow crab.” Video, more, >>CLICK TO READ<< 17:41
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