Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

PORTLAND, Maine (AP) — The incoming administration of President-elect Donald Trump is likely to bring big changes for one of the oldest sectors of the U.S. economy — seafood — and some in the industry believe the returning president will be more responsive to its needs.

BYPORTLAND, Maine — The incoming administration of President-elect Donald Trump is likely to bring big changes for one of the oldest sectors of the U.S. economy — seafood — and some in the industry believe the returning president will be more responsive to its needs.

The seafood industry isn't hungry for another tariff war, which hurt fishermen during Trump's first term, said Beth Casoni, executive director of the Massachusetts Lobstermen's Association. But she said the new Trump administration has a unique chance to throw its support behind U.S. fishermen. Losing Canada — an especially important buyer of American lobster — as a market for U.S. seafood could cause prices to fishermen to collapse, Sackton said. And some products could become unavailable while others become more expensive and still others oversupplied, he said. He described the seafood industry as"interdependent on both sides of the border."

One of the major changes for fishermen under a new Trump administration is that they can expect to have a seat at the table when high-level decisions get made, said representatives for several commercial fishing groups.

Others in the industry said they're concerned about how Trump will handle the National Oceanic and Atmospheric Administration, the federal agency that regulates fisheries. The undersecretary of commerce for oceans and atmosphere, who is currently the Biden-appointed Rick Spinrad, will be one of Trump's key appointees. Trump went through three different administrators at the post during his first term of office.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines