The Winding Glass: $1 Billion Tariff Hit to Shrimp Industry Will Lead to Downturn in 12 Months
The US has finalized, for now, tariff rates on the major shrimp-importing countries, and the industry is preparing for a period of significantly higher costs.
In this column, we look back at other periods when shrimp prices rapidly rose 20% or more to predict what the longer-term impact will be on our industry and customers.
Things don’t look good.
We calculated tariff impacts by using full year 2024 values for the major types of shrimp imports, shell-on...
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