Trade War Taking a Toll on Seafood Industries in Both the U.S. and China
After President Trump initiated a trade war against China, drastic changes have occurred to the trading between these two large economies. Both parties are suffering with no winner from either country, according to several media reports, and the seafood industry is among the biggest victims. Industry participants in both countries are feeling the pressure.
In China, for example, tilapia prices have decreased due to the coming harvest season and America’s higher tariffs. According to one processing plant in Zhanjiang, the price of live tilapias...
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