Seafood Trade War: What’s Next (News Analysis)
SEAFOODNEWS.COM [SeafoodNews] News Analysis by John Sackton – June 18, 2018
What’s next after China has announced a 25% tariff on over 170 different US seafood products, to take effect on July 6th?
First, the disruption is already having immediate consequences. We have heard of order cancellations over the weekend. For example, a squid supplier from California had his Chinese buyer immediately cancel his order.
This kind of disruption will continue over the next couple of weeks. China has a holiday, the dragon boat festival, today, Monday, June 18th. This is delaying the opening of many offices.
Second, the biggest question facing many Alaskan exporters is whether the tariffs apply to product sent to China for re-export...
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