US president Donald Trump announced sweeping tariffs on pretty much all the major US trading partners on Wednesday, April 2, excluding Canada and Mexico.
You can catch up with Undercurrent News' latest stories on the topic below:
- Countries worst hit by Trump tariffs have until April 9 to ship
The countries worst hit by US president Donald Trump, many of whom are major seafood suppliers, can avoid tariffs on shipments loaded before 12:01 a.m. eastern daylight time on April 9, 2025, according to the executive order.
- Canadian, Mexican seafood dodges tariffs; continues to be duty-free
Canada and Mexico do not feature on Trump’s reciprocal tariff list, with the White House clarifying in a fact sheet that much trade will continue to be duty-free.
- Trump tariffs: Chile, Ecuador get off lightly while other major US seafood suppliers hit hard
US president Donald Trump's 10% general tariff announcement on Wednesday (April 2) threatens to impact importers of seafood from all nations as soon as Saturday morning (April 5), but seafood from some nations will be hit with much higher fees.
- Major Norwegian salmon farmers' shares rally after Trump tariffs but spot price hit expected
Norwegian salmon farming share values have rallied after taking an initial hit as markets opened on April 3, with traders reacting to the news that the US will be imposing a blanket tariff of 15% on all Norwegian imports from April 9.
- Tariff list in full
You can see the full list of tariffs here, which is more extensive than the one Trump presented on April 2.
- Ecuador gets off light as Asian shrimp suppliers hit hard
Ecuador, the second largest shrimp supplier to the US, is being hit with a 10% tariff, while Asian suppliers will be impacted much more seriously.
- Chile, Scottish salmon get 5% edge on Norway
Chile, the largest US salmon supplier, will be subject to a 10% tariff, while Norway will be hit with 15%.
- Chinese seafood gets slammed by new tariffs
Chinese seafood is now facing a 54% tariff coming into the US -- at the minimum.
- US tariffs could trigger market crash for Japan’s scallops amid record prices
Japan’s frozen scallop market, which has been trading at record-high levels, may soon experience a downturn following the Trump administration’s announcement of new reciprocal tariffs targeting Japanese goods, sources told Undercurrent early Thursday morning (March 24 local time).
- Major US tuna exporters all face big tariff rates
All of the top 10 tuna exporters to the US will face tariff rates of at least 10%, with some confronting rates of near or beyond 40%.
- National Restaurant Association pans Trump tariffs
The National Restaurant Association, representing companies collectively operating more than a million US restaurant and foodservice outlets, has issued a statement condemning the Trump tariffs.
- Retailers send preemptive message: Don’t raise prices due to tariffs
Soon after US president Donald Trump announced tariffs of at least 10% on more than 100 countries on Wednesday, a sales executive at a large US seafood importer received a message from a major retailer.
- China vows to retaliate after US imposes broad tariffs
China’s Ministry of Commerce has condemned the US announcement on April 2 to impose “reciprocal tariffs” on all of its trading partners, vowing firm countermeasures in response to what it called a violation of international trade rules.
- Japan expresses regret at US tariff move, forms task force
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi on Thursday (April 3) expressed strong regret over US president Donald Trump’s announcement of a 24% tariff on Japanese imports.
- Japanese tuna exporters cautious as competing suppliers face higher US tariffs
Japanese exporters of fresh and frozen tuna for sashimi are approaching cautiously following the Trump administration’s announcement of a 24% reciprocal tariff on imports from Japan.
- China’s seafood industry faces major shifts amid US tariffs
China’s seafood industry is set to undergo major changes in response to the “reciprocal tariffs”, according to Cui He, president of the China Aquatic Products Processing and Marketing Alliance.
- Large tilapia exporters have no plan to give up US market, for now
Despite the US imposing a 79% tariff on frozen tilapia products imported from China, large Chinese exporters remain committed to the US market for now.
- Reciprocal tariffs caused depreciation of the Chinese yuan
After US President Trump announced the “reciprocal tariff”, the offshore yuan exchange rate saw a significant depreciation on April 3.
- Vietnam establishes response team, will consult export businesses
In an emergency cabinet meeting held the morning of April 3, Vietnam’s prime minister, Pham Minh Chinh, established a rapid response team to look into the country’s response to the 46% tariff levied by the US.
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