December 7, 2018 — The Alaska Seafood Marketing Institute (ASMI) is crossing its fingers that its request goes through for several million dollars in federal aid to defray costs of the trade war between U.S. President Donald Trump’s administration and China.
ASMI, a state-run entity, has requested USD 9 million (EUR 7.9 million) over three years as tariffs threaten to undermine the market for Alaskan seafood in China. The request was submitted to the Agricultural Trade Promotion (ATP), a U.S. Department of Agriculture program designed in part to mitigate the adverse effects of tariffs.
The organization has been getting around USD 4.25 (EUR 3.74) million a year in federal aid for over a decade, according to Jeremy Woodrow, ASMI’s communications director and current interim executive director. This new aid money would be on top of that.