Fish Industry Halts Exports, Delays Investments on Tariff Fears
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Two weeks after the United States announced a 50% tariff on Brazilian products, uncertainty and losses are mounting in the fish industry, one of the hardest-hit sectors by the measure set to take effect on August 1. Importers have suspended purchases, shipments are en route to the U.S. without clarity on whether they will be subject to the new duty, and companies are already delaying investment plans.
Netuno, an importer based in Fort Lauderdale, Florida, and owned by Brazilians, has suspended all purchases of Brazilian fish until...
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