Canada Scraps Seafood Tariffs Amid Industry Backlash
Canada has unexpectedly dropped plans to impose tariffs on US seafood products following an announcement earlier this week. The decision comes after the Canadian government received feedback from industry stakeholders, including lobster and crab processors who rely heavily on trade with the US.
The tariffs were set to take effect on September 8, but will now be removed from the list of countermeasures against US goods. This includes products such as Atlantic salmon, trout, lobster, crab, shrimp, oysters, scallops, and mussels.
Canada's Department of Finance announced the change in a post on X, stating that the decision was made to protect Canadian industries targeted by US tariffs. The government also emphasized its commitment to maintaining dollar-for-dollar and rate-for-rate responses to US goods.
Canadian Minister of Fisheries Joanne Thompson commented on the decision via X, saying 'Canada has made targeted adjustments to protect our economy by removing seafood and fish sector products from our counter-tariff list.'