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Most recently, the Office of the United States Trade Representative (USTR) decided to implement 301 tariff exemptions for more than a dozen seafood products, including haddock, Alaskan flounder, king crab, snow crab, and treasure crab, by September 30, 2023
.
While Chinese-origin tilapia, squid, shrimp, eel, catfish, pike crab, crayfish and other commodities are not on the exemption list, the NFI said a turnaround in the U.
S.
-China trade war could be just around the corner as the U.
S.
prepares to conduct a necessary review
for the four-year tariffs.
.
While Chinese-origin tilapia, squid, shrimp, eel, catfish, pike crab, crayfish and other commodities are not on the exemption list, the NFI said a turnaround in the U.
S.
-China trade war could be just around the corner as the U.
S.
prepares to conduct a necessary review
for the four-year tariffs.
Robert DeHaan, NFI's vice president of government affairs and general counsel, told UCN that those goods that have received tariff exemption extensions are an important signal, and that the tariff exemption period for Alaskan flounder, haddock, crab and other goods was first imposed in March 2022, with a total value of more than $300 million, and the tariff exemption period for these goods has been extended until September 30, 2023
.
.
"The most desired opportunity for tariff relief in the U.
S.
seafood industry may not be a solution to the trade war itself, but rather an upcoming four-year 'mandatory necessity review,' each to be commented by Jan.
17, and the USTR will review
the next step in the coming months.
" DeHaan said
.
S.
seafood industry may not be a solution to the trade war itself, but rather an upcoming four-year 'mandatory necessity review,' each to be commented by Jan.
17, and the USTR will review
the next step in the coming months.
" DeHaan said
.
"We do have hope, that's our bottom line
.
" "The USTR made it clear in its necessity review that it would consider removing some tariffs, which would be a real phase-out of groups of tariffs, or the elimination of individual tariffs
," DeHaan said.
”
.
" "The USTR made it clear in its necessity review that it would consider removing some tariffs, which would be a real phase-out of groups of tariffs, or the elimination of individual tariffs
," DeHaan said.
”
DeHaan continued: "So this gives us a lot of hope that at the end of the necessity review, hopefully before the current tariff exclusions expire next September, they will make a new decision to largely remove more seafood from the tariff list
.
"
.
"
"I believe the Biden administration has taken the dispute with China very seriously from the beginning because the two countries have the most important economic relationship
in the world," DeHaan said.
The controversy over the seafood trade is mainly because it affects many low-income families
in the United States.
The trade war has also led to a significant decline in market share and access for U.
S
.
exporters in the world's largest market.
”
in the world," DeHaan said.
The controversy over the seafood trade is mainly because it affects many low-income families
in the United States.
The trade war has also led to a significant decline in market share and access for U.
S
.
exporters in the world's largest market.
”
Affected by the trade war, the seafood trade between the United States and China has shrunk year by year, with the United States exporting 473,000 tons of seafood worth US$1.
3 billion to China in 2017 falling to 301,000 tons, worth US$
880 million, in 2021.
In the first 10 months of 2022, the United States exported 269,000 tons of seafood to China, worth $848 million
.
3 billion to China in 2017 falling to 301,000 tons, worth US$
880 million, in 2021.
In the first 10 months of 2022, the United States exported 269,000 tons of seafood to China, worth $848 million
.
So far, the National Oceanic and Atmospheric Administration (NOAA) has not released export data for China in November and December, and industry analysts believe that exports in 2022 will exceed 2021, but still cannot reach the level
of 2017.
of 2017.
