Seafood producers concerned about tariffs

    Anchorage, Alaska (KINY) Alaska's Seafood Marketing Institute wants members to comment on the impacts of Chinese tariffs before a September deadline.

    The Peninsula Clarion reported that $2.7 billion in U.S seafood is processed in China and sent back to the U.S. annually.

    China levied a 25 percent tariff on Pacific salmon, cod, Alaska Pollock, and other products in response to U.S. tariffs.  The tariffs went into effect last month.  China did exclude seafood shipped into the country that is only intended for re-export after processing.

    The Office of the U.S. Trade Representative proposed an increase in tariffs last month from 10 percent to 25 percent on Chinese products that include seafood.  This means the Alaskan seafood processed in China could be hit with additional tariffs when it is returned to the U.S.

    The Institute released this statement on the tariff issue," Depending on the species, the Alaska seafood products may not be cost-competitive with the additional tariff," the organization said in a statement. "Implementation of this tariff has already caused hiccups, delays, and order cancellations. If the tariff stays in place, it could impact demand in China for Alaska seafood products. It could impact consumer sentiment toward U.S. products and China may seek other suppliers."

     

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