The Big Seafood Risk with China is not Trade, but a Drop in Consumer Spending
The global seafood industry is facing a bigger risk than tariffs on American seafood exports to China. Data from the past two months point to a sharp drop in consumer spending, especially on higher end luxury items.
This category includes expensive imported seafood.
If you could point to one dynamic adding value to the global seafood industry for the past several years, it would be the extraordinary growth of the Chinese consumer market demand for imported seafood.
This has transfixed industries from Canadian lobster producers to Norwegian and Scottish salmon suppliers, and it has mesmerized the Ecuador shrimp industry.
All producers like a market that will take almost everything you can supply and pay...
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