Canadian seafood industry 'relieved' with removal of their products from retaliatory tariff list
The Canadian government has removed seafood products from its retaliatory tariff list against the United States following industry feedback. Officials stated that the decision was made to protect the integrated seafood supply chain and prevent potential plant closures.
Why it matters
This decision highlights the economic interdependence between the U.S. and Canadian seafood industries and the practical limitations of trade wars on local employment.
The government announced the change late Wednesday night , saying adjustments were made based on "feedback."
The change came a day after the federal government announced counter-tariffs on $27.6 billion worth of U.S. goods, in an effort to hit back at new 50 per cent tariffs the U.S. imposed over the weekend on a similar slate of goods when trade talks broke down.
Many of the goods on the initial list were seafood products, taxed at a 25 per cent rate.
Dropping U.S. seafood from counter-tariff list 'right thing to do': Champagne
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