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EP 528 | AIRED 03/08/2021
March 8, 2021 --- This week we examine tariffs imposed on Chinese processed seafood and how the climate may or may not change under the new Administration.
--- Enough time has passed now that tariffs on Chinese processed seafood items seem like a "normal" cost component when discussing US imports.
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--- The new Administration has tough decisions to make now - remove the tariff and weaken the image of a strong trade partner, or continue the tariffs that many economists have indicated directly burden Americans' household income.
President Biden's pick for US Trade Representative, Katherine Tai, was approved by the Senate Finance panel last week and heads to a vote by the full Senate to become the top US trade negotiator.
Ms. Tai indicated earlier this year that companies who are keen to keep the Phase One trade deal should be prepared to continue living with seafood tariffs too.
When calling the US Trade Representative's office for a statement, we were advised that they cannot comment on any tariff extensions or exclusion renewals under the new Administration.
For now, seafood buyers can continue to see strong pricing on Flounder, Sole, Haddock, and other seafood items with expired tariff exclusions.
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