Undercurrent News

Canadian seafood companies relieved, but still have concerns after Trump’s ‘Liberation Day’ reveal

Thu, 03 Apr 2025 15:50:47 +0000


'We clearly accept that we are in a new age of global trading relationships and do not think that anyone, including the seafood sector, has cause for celebration yet' -- Kris Vascotto, executive director of the Nova Scotia Seafood Alliance

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US wholesale: Scallop market faces new tariffs, colliding with tight supply

Thu, 03 Apr 2025 15:43:40 +0000


With tariffs now live, or looming, on key suppliers like Japan, China, Peru, Canada and potentially others, the US scallop market is entering a new phase of volatility

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US wholesale: A sigh of relief for lobster trade at the moment, but big discounts ahead of new season

Thu, 03 Apr 2025 15:18:50 +0000


Canada escapes tariffs, but inventory risk aversion leads cold-water prices lower; live lobster inventories could tick up with clarity

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Greenland, Faroes to receive baseline 10% tariff on US trade, sources confirm

Thu, 03 Apr 2025 14:46:31 +0000


The two Danish autonomous territories were not included in the list of tariffs published by the Trump administration on April 2

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US shrimp industry celebrates Trump tariffs on competitors as ‘crucial lifeline’

Thu, 03 Apr 2025 14:38:59 +0000


The Southern Shrimp Alliance has praised the move as leveling the playing field for shrimp sold in the US market

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Ecuador’s shrimp sector poised for more growth after record-breaking start to 2025

Thu, 03 Apr 2025 14:31:33 +0000


The country's export figures for January and February have surpassed previous milestones, positioning Ecuador's shrimp industry for continued growth throughout the year

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Lawyers’ memo shares 4 important, easy-to-miss nuances of Trump’s tariffs

Thu, 03 Apr 2025 14:22:40 +0000


Many in the seafood industry and other sectors are hustling to answer critical questions about how the tariffs are being implemented. One big law firm's trade specialists responded with a memo issued Thursday morning

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Southeast Alaska salmon trollers chafe at record low chinook allocation

Thu, 03 Apr 2025 14:09:43 +0000


'There's just as many permits fishing, but they're catching fewer fish' -- Matt Donohue, Alaska Trollers Association

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Trump’s $1bn investment accelerator leaves aquaculture high and dry

Thu, 03 Apr 2025 13:58:48 +0000


The high threshold in Trump's investment accelerator makes it unlikely for aquaculture to benefit, says industry official

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In charts: How top 10 US seafood suppliers are impacted by bombshell tariffs

Thu, 03 Apr 2025 13:39:47 +0000


Although Vietnam is the most impacted in these tariffs, China's 34% tariff is on top of the 20% Trump has added since the start of the year – with some items, such as tilapia, also subject to an additional 25% to go to 79% 

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