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China’s intention to punch 25 percent of tariffs in Canada naval The products add another uncertainty layer to an industry, which is already threatened by the US sector representatives of the ATLANTIC Canada.
China responded to Canadian on Saturday 100 percent of Canadian visile in Canadian vocabulary, all Chinese-made electric vehicles and 25 percent in the steel and aluminum.
Although the Canadian Seafood and 25 percent of other goods take a break until April 2, it comes into force on a long list of products such as Chinese tasks, lobster, snow crab and shrimp.
In an interview in Monday, the executive director of the Nova Scotia Seafood Seafood Seakood Kris Vascotto called the Chinese Atlantic Canadian Fish and Sea Products Sea “Very Strategic Hit”.
“It intends to present himself with difficulty, there is no doubt,” Vascotto said. “It is mainly changed from the landscape. The announcement is a more accurate demonstration we see that there are reactions of trade movements in recent months.”
Vascotto, who represents the organization 135 coastal-based processors and shippers, said that the price variation will affect the supply chain “down to Harvester”.
According to him, Chinese duties will also hit niche products such as beans and snow dwares, as well as marine permissions, whelk and shrimp.
“Somehow it will be forced to lose this tariff costs to move the costs of this tariff,” Vascotto said. “We can definitely expect enough volatile season to approach.”
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According to the federal government, China, after the United States, the second largest fish and marine economy in Canada, was sent to the Asian nation in 2024 $ 1.3 billion.
The federal figures showed Canada’s best marine exports in 2023, $ 569 million and $ 300 million crabs and shrimps were $ 262 million, 78 percent of all maritime exports to the country.
The Executive Director of the Lobster Processors Association, a MONCTON, NB of NB-based group, New Brunswick, Nova Scotia and Pei frozen beans and pei frozen beans and crab products, “a little shaken”, said that there will likely be more felt by the lives of live lobsters in international markets. Richard, the export of frozen beans in the United States last year, 80 percent of the last year, he said in 80 percent, he said.
However, the effects will change between individual processing plants.
“This is a small slice of the frozen lobster product market in the total level, but some individual plants are a fair job in China. The export profile changes to plant from the plant.”
Richard said the shares are higher for processors related to US tariffs for a highly integrated supply chain.
On March 4, the Donald Trump administration increased by 10 percent more than 10 percent in Canada energy. However, last week, on Sundays, Trump, until next month, the United States has signed an executive order for these tariffs for these tariffs for seafood between Canada and Mexico.
Richard is developed by many parts of the lobster caught by fishermen in Maine, which is about 85 percent of the US harvest.
“We will not have a tariff or not to continue the supply of the market … But there is a concern that it will clearly affect the market, it may require.”
Meanwhile, Tangier Lobster Company, NS, NS, NS, the previous seven percentage tariffs and 9 percent of this country added that the country.
“It is reasonable to say that it is reasonable and now comes at a time when we are already targeting under American tariffs,” he said.
The company is located in the Halifax Stanfield International Airport for more than an hour from a hour, and Lamont has diversified the export markets for about 40 years. He is currently not sending about US and about 15 percent to China.
“We have always tried to diversify, and all our eggs are not in the Chinese basket,” he said.
However, there are companies that send many live beans to China and Lamont, it will become difficult for new markets because it is not taken overnight.
“All of these things are more difficult than time, money, marketing and creativity, so Pivot people can think of people,” he said.
According to the Chinese Customs Tariff Commission of the State Council, 100 percent of oil cakes and peas will be installed and additional 25 percent of the additional tariffs will be used for pork and water products.
& Consion Press 2025
