China-based seafood traders and processors said they are frustrated with recent escalations in a trade war between the U.S. and China, which saw U.S. President Donald Trump raise the tariff on Chinese imports to 125 percent hours after China boosted the duty on American goods to 84 percent.
Beiyang Jiamei Seafood Co CEO Peng Song, which operates the Seamix Seafood brand, said his company is “experiencing a hard time” due to tariffs.
“Already we have paid an extra 25-percent tariff on seafood imported from Canada, and now the new tariffs between the U.S. and China make the trade even more difficult,” Song told SeafoodSource.
Seamix had focused on distributing premium imported seafood through high end retail outlets, but now has to determine new sources due to the high duty rates.
“There is simply no way to import seafood from the U.S. and sell into the local market here,” Song said.
Beijing Jiamei’s re-processing business for U.S. export has also been impacted, he added...
