The recent election of Donald Trump to the U.S. presidency will have myriad effects on the U.S. restaurant and retail sectors, according to professionals in both industries.
According to Jennifer Bushman, co-founder and executive director of the San Francisco, California, U.S.A.-based nonprofit Fed by Blue, which supports the creation of responsible blue food systems, a Trump presidency will likely create a more volatile environment for seafood both at retail and on restaurant menus.
“Expect higher prices for some imported seafood items due to tariffs or supply chain disruptions, with potential shifts toward more domestic seafood sourcing,” Bushman told SeafoodSource.
Trump has proposed heavy tariffs on goods from China that could exceed 60 percent and tariffs of as much as 20 percent on everything else that the U.S. imports, which could impact foreign seafood industries that are dependent on exporting to the U.S.
Consumers at retail could specifically face higher prices on popular species like shrimp, salmon, and tilapia, which could “reduce purchasing frequency and affect consumer choice,” according to Bushman.
Trump’s tariff policies are also expected to negatively impact retailers …
