September 10, 2020 — US Secretary of Agriculture Sonny Perdue announced Wednesday the US Department of Agriculture (USDA) will provide approximately $530 million (€449 million) to support the US seafood industry and fishermen impacted by retaliatory tariffs from foreign governments.
The funding will be provided through the Seafood Trade Relief Program and funded through the Commodity Credit Corporation (CCC), administered by USDA’s Farm Service Agency (FSA), according to the agency.
“Many nations have not played by the rules for a long time, and President Trump is the first President to stand up to them and send a clear message that the United States will no longer tolerate unfair trade practices,” he said.
“The Seafood Trade Relief Program ensures fishermen and other US producers will not stand alone in facing unjustified retaliatory tariffs while President Trump continues working to solidify better and stronger trade deals around the globe.”