New Brunswick Premier Susan Holt says China’s 25 per cent tariffs on Canadian seafood products are “concerning and significant.”
Holt told reporters today that China is one of New Brunswick’s main export markets for seafood, but not as important as the United States.
The province says it exported $87.8 million worth of seafood to China in 2023.
China’s tariffs, which took effect today, are in retaliation to the recently imposed Canadian surtax of 100 per cent on all Chinese-made electric vehicles, and of 25 per cent on steel and aluminum.
The Chinese duties affect a long list of products like lobster, snow crab and shrimp, as well as niche products such as sea cucumber, whelk and mollusks.
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