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Alaska seafood industry braces for China tariff pain
Trade wars are "so easy" to win, right?
Is the next bailout going to be for these fishermen?
...China, which buys $1 billion in Alaskan fish annually, making it the state’s top seafood export market.
Beijing, in response to the Trump administration’s move to implement extra levies on Chinese goods, last month imposed a 25 percent tariff on Pacific Northwest seafood, including Alaskan fish, in a tit-for-tat that has engulfed the world’s two largest countries in a trade war.
The results could be “devastating” to Alaska’s seafood industry, the state’s biggest private-sector employer, said Frances Leach, executive director of United Fishermen of Alaska, the state’s largest commercial fishing trade group.
“This isn’t an easily replaced market,” she said. If the tariff war continues, she said, “What’s going to happen is China is just going to stop buying Alaska fish.”
Trade wars are "so easy" to win, right?
Is the next bailout going to be for these fishermen?