August 26, 2019 — Soon after China moved on 23 August to raise tariffs on USD 75 billion (EUR 67.4 billion) of U.S. goods, U.S. President Donald Trump retaliated with another increase to tariffs on Chinese goods.
China’s escalation of its tariffs on U.S. goods hit the seafood industry once again, increasing the tariffs on salmon, lobster, pollock, cod, squid, crab to 35 percent, exempting raw material for processing and re-export. The previous tariffs already had a significant impact on some sectors of the seafood industry – lobster exports from Maine to China plunged 84 percent after the tariffs took effect.