Both the salmon-farming industry and the market would be negatively affected if the administration of U.S. President Donald Trump proceeds with its planned introduction of additional 25 percent tariffs on imports from Canada into the United States, according to Mowi CEO Ivan Vindheim.
From Mowi’s perspective, if the tariffs announced by The White House on 1 February 2025 are imposed, the Bergen, Norway-headquartered salmon farming company may look to shift some of its Canadian operations to alternative regions, Vindheim said.
“Tariffs are not good for anyone – neither for the imposer nor the addressee,” he said.
Sharing details of Mowi’s results for 2024 – a year in which it set a number of new records, including a best-ever harvest total of 501,530 gutted weight tons (GWT) – Vindheim remarked that with the postponement of the tariffs on goods imported from Canada, the hope now is that the situation doesn’t escalate.
“It looks like we didn’t get tariffs on our Canadian salmon going into the U.S. in the first round after all because it was postponed by one month. Let’s hope that postponement can become permanent,” Vindheim said. “We don’t like tariffs. Salmon is an extremely international product, so open markets, zero tariffs, zero friction – that’s what we want.”
Despite the deferral of the tariffs, the situation has become ...
