Economic State Making it Tough for the Fishery, Says Producer

April 6, 2025 Canada, International, International News, National

A local value-added seafood producer says the current economic climate under U.S. tariffs has proved very challenging for his business. Danny Dumaresque of Labrador Gem Seafoods says half of his product has traditionally gone to the U.S. market, but “there’s no way to overcome a 25 per cent tariff.” While the province’s seafood industry has managed to avoid the tariff, for now, continued threats and the uncertainty that it created has forced many producers to look elsewhere. Dumaresque is now working on securing greater access to buyers in Spain, Italy, France and the U.K. Meanwhile, provincial fisheries minister Gerry Byrne has launched a Seafood Marketing Support Program to help local companies expand into global markets. more, >>CLICK TO READ<< 11:40

current economic climate, Danny Dumaresque, Donald Trump, European Union, market diversification, Newfoundland and Labrador, Newfoundland Fisheries Minister Gerry Byrne, Seafood Marketing Support Program, Tariffs

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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