For now, Canadian product remains a tariff-safe option in a market full of geopolitical noise. Still, uncertainty around long-term policy direction continues to cloud the sourcing outlook for US buyers
Some believe they have to pay nothing, while others believe the goods are fully subject to the tariff and yet others believe the tariff amount is subject to a more complicated formula
While these constraints have added to market pressures, US wholesale prices for scallops have continued to climb due to a combination of low landings, strong demand and broader supply chain challenges
Over the past several weeks, fresh Chilean fillet prices have rebounded after a period of declines, largely due to aggressive prioritization of fresh shipments over frozen production
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