Tariffs

KBBI

Some of Alaska’s seafood industry has escaped the Trump administration’s trade war with China for now. The industry is happy the administration dropped some mainstay seafood products from a list of tariffs it imposed last week.

The Trump administration levied billions of dollars worth of tariffs on the world’s second largest economy on Sept. 24.  The tariffs start at 10 percent and will ratchet up to 25 percent by 2019. The Trump administration’s original list of levies included seafood products that Alaska processors export to China for reprocessing.

Courtesy of Rudy Gustafson

In the first round of what seems to be an escalating trade dispute between the U.S. and China, tariffs have been levied on billions of dollars worth of goods in both countries. The Alaska fishing industry, which harvests roughly 60 percent of all wild seafood in the U.S., has been caught in the crosshairs of that disagreement.

But it’s not the Chinese tariffs that are giving the industry heartburn. It’s a proposed tariff on seafood imported from China.