logo
China's looming seafood tariffs just add to 'craziness,' says lobster organization

China's looming seafood tariffs just add to 'craziness,' says lobster organization

CBC10-03-2025

Social Sharing
Nat Richard said he was stunned when he learned that China was hitting Canada's seafood sector with 25 per cent tariffs.
The tariffs themselves were not very surprising — Canada had placed heavy levies against Chinese electric vehicles, steel and aluminum in the fall, and retaliation was expected.
But Richard, the executive director of the Lobster Processors Association, which has members across the Maritimes, said China's decision simply adds to the disorientation already caused by the unpredictability in trade with the U.S.
"It just adds to the craziness we've been dealing with, the uncertainty," he said in an interview.
While U.S. President Donald Trump is postponing 25 per cent tariffs against most Canadian goods until April 2, China's tariffs will come into effect March 20.
The seafood products China is targeting include crab, shrimp, prawn, clams and dozens more, according to a list from the Canadian government.
Lobster is also on the list. Richard said China only accounted for three per cent of frozen lobster exports in 2024, but live lobster is a different story.
"China is the largest market," he said, adding it rivals the U.S. in terms of demand.
WATCH | 'There'll be more indecision, and it makes it very difficult to plan,' says Geoff Irvine:
On again, off again trade war 'terrible' for lobster market, industry says
3 days ago
Duration 2:28
Richard said Statistics Canada data shows the U.S. and China together represented 83 per cent of Canada's lobster exports in 2024, including both live and frozen. Total exports represented $2.49 billion, with the U.S. representing about $1.9 billion and China representing $525 million.
The incoming Chinese tariffs only exacerbate anxiety caused by the uncertainty surrounding U.S. tariffs, Richard said. With the spring fishing season just a matter of weeks away, he said the biggest concern is that U.S. tariffs will hit mid-season.
'That could be very dangerous for the industry,' he said.
The Lobster Council of Canada said it was too early to make an official statement on Sunday.
Stewart Lamont, managing director of Tangier Lobster Company in Nova Scotia, said he was disappointed and slightly surprised by news of the Chinese tariffs. But he said he wasn't shocked, knowing retaliation was on the way.
Still, he said the trade war with the U.S. along with a busy holiday season have been too distracting to prepare for potential tariffs from China.
"We've hardly had time to prepare for the tariffs potentially coming from America," he said. "It's a volatile, fluid, international market, so all of this is happening while the seafood industry has a lot on its plate."
However, Lamont's company has been working on diversifying its markets for 30 years, and hasn't sold to the U.S. at all in the past two or three years.
Lamont added that China makes up for approximately 15 per cent of exports from his company, and the rest goes to markets across Canada and in Europe.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EDITORIAL: Jobless numbers spell trouble
EDITORIAL: Jobless numbers spell trouble

Toronto Sun

time2 hours ago

  • Toronto Sun

EDITORIAL: Jobless numbers spell trouble

The need to grow the Canadian economy in the face of tough economic times was underscored by the release of the latest unemployment numbers by Statistics Canada on Friday. Photo by File Photo The need to grow the Canadian economy in the face of tough economic times was underscored by the release of the latest unemployment numbers by Statistics Canada on Friday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The unemployment rate in May rose to 7.0%. That's the highest it has been since September 2016, excluding the 2020 and 2021 pandemic years, and a 12.9% increase from 6.2% a year ago in May. The Canadian economy generated a net increase of just 8,800 jobs in May, far short of the roughly 30,000 per month needed to keep pace with population growth. A total of 1.6 million Canadians were unemployed in May, an increase of 191,000, or 13.8%, compared to May 2024. A smaller share of people who were unemployed in April found jobs in May (22.6%), compared to a year ago (24.0%), and spent an average of 21.8 weeks searching for work, compared to 18.4 weeks in May 2024. Unemployment in Ontario (7.9%); Alberta (7.4%); Newfoundland and Labrador (9.7%); Prince Edward Island (8.2%); and Nunavut (9.0%) were all above the national average, as was the case in a number of cities, including Windsor (10.8%); Oshawa (9.1%); Toronto (8.8%); Calgary (7.8%); and Edmonton (7.3%). This advertisement has not loaded yet, but your article continues below. Canada recorded its largest merchandise trade deficit of $7.1 billion in April, the first full month of the tariff war with U.S. President Donald Trump, compared to $2.3 billion in March. The Organization for Economic Co-operation and Development last week projected meagre 1% economic growth for Canada this year and 1.1% in 2026, noting Trump's global tariff war is expected to hit the economies of Canada, Mexico, China and the U.S. hardest. Prime Minister Mark Carney proposed measures to bolster the economy on Friday, including eliminating federal barriers to interprovincial trade, increasing labour mobility and shortening the process for approving major infrastructure projects. Those are worthy long-term goals, since internal impediments to trade cost our economy $200 billion annually, raise consumer prices up to 14.5% and reduce economic growth as measured by gross domestic product up to 8% annually. But they are also long-term solutions, underscoring the importance of Carney's government producing a budget as soon as possible to reveal the Liberals' specific plans to boost the economy. For better or worse, Carney decided to delay releasing the budget until fall. Olympics Columnists World Editorial Cartoons NHL

Local unemployment rate up to 6.9 per cent in May
Local unemployment rate up to 6.9 per cent in May

CTV News

time3 hours ago

  • CTV News

Local unemployment rate up to 6.9 per cent in May

London's unemployment rate is rising as people struggle to find work in the current labour market. According to Statistics Canada, the jobless rate in the region rose half a percentage point to 6.9 per cent in May. Approximately 1,700 jobs were lost locally, amid trade tensions with the United States. Nationally, unemployment has increased for three consecutive months, reaching seven per cent in May. This is the highest unemployment rates have been in nearly a decade, with 1.6 million people unemployed.

Alberta buying U.S. alcohol again, months after pause meant to fight tariffs
Alberta buying U.S. alcohol again, months after pause meant to fight tariffs

Global News

time3 hours ago

  • Global News

Alberta buying U.S. alcohol again, months after pause meant to fight tariffs

See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Alberta is buying American alcohol and gambling machines again, three months after Premier Danielle Smith announced restrictions aimed at fighting back against U.S. tariffs. Service Alberta Minister Dale Nally said Friday that the move signals a 'renewed commitment to open and fair trade' with the United States. Smith said in March that the province would no longer buy U.S. alcohol and video lottery terminals, or sign contracts with American companies. Alberta's liquor stores are privately owned but must order stock through the provincial government. That came a day after U.S. President Donald Trump slapped heavy tariffs on Canadian goods and energy. 2:34 Alberta bans future US liquor purchases Other premiers also announced bans on U.S. liquor along with other proposed penalties. Story continues below advertisement Nally said in a statement that the decision to resume buying U.S. alcohol and gambling machines 'sets the stage for more constructive negotiations' ahead of a renewal of the Canada-U.S.-Mexico trade agreement. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The agreement, known as CUSMA, was negotiated during the first Trump administration and is up for a mandatory review in 2026. 'Prime Minister Mark Carney has made a clear effort to reset the relationship with the U.S. administration, and Alberta's government supports this approach,' Nally said. 'We are focused on highlighting Alberta's role as a responsible and collaborative trading partner and will continue working alongside other provinces to advocate for a tariff-free relationship.' The minister said Albertans are encouraged to continue supporting local producers, even as more U.S. options return to store shelves. In April, the province paused its policy around procurement from U.S. companies in what Nally called 'the spirit of diplomacy.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store