Seafood producers looking for stability in face of announced tariffs from China
In retaliation for tariffs against Chinese electric vehicles and steel and aluminum, China has announced a 25% tariff on Canadian seafood, set to come into effect on March 20. Canada exports roughly $7 billion in seafood every year, with China seeing a large portion of that, so that's left Canadian seafood producers, already facing potential U.S. tariffs in April, looking to Ottawa for help.