Tariffs, Dollar Slump and High Crab Prices Threaten Slowdown in Consumption
Uncertain waters ahead: July tariffs and dollar decline threaten US seafood markets.
US seafood prices and supply chains are entering a period of significant uncertainty as the Trump administration's new tariffs and a weakening dollar take hold. Unless agreements are reached, tariffs on imported seafood are set to rise further starting July 8-9, reshaping the cost structure for importers and customers alike.
OAA and USDA Economic Research Service estimate that roughly 80% of U.S. seafood consumption is sourced from imports, with five countries supplying over half...
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