The U.S. has imposed a 25% tariff on seafood imports from Canada and Mexico, with similar tariffs expected for some European imports. While this may initially benefit salmon exporters from Norway and Chile by reducing competition, it will also drive up U.S. salmon prices by as much as 10%.
According to market analyst Philip Scrase, the tariffs will disrupt trade, increase consumer prices, and shift global supply chains. If broader tariffs are applied, U.S. demand may decline, leading to increased competition in Europe and Asia, pressuring prices in those regions. In the long term, producers may seek new markets or invest in U.S. production, but such adjustments will take time. Higher seafood prices may also push American consumers toward alternative proteins or cheaper seafood options. The industry now faces uncertainty as trade policies continue to evolve.
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