Trudeau: Trump Will Pause Tariffs on Canada for 30 Days

As of Monday evening, US President Trump will postpone 25% tariffs on Canada, Reuters reported after Prime Minister Justin Trudeau wrote an X post about the matter.

After the day's second conversation with Trump, Trudeau wrote:

"I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting..."

The Winding Glass: Importers to Face $79 Million in Fresh Seafood Taxes Over the Next 90 Days

The US has ignited a unilateral trade war with Canada and Mexico this week. It will have an immediate impact on fresh seafood prices and availability, hitting retailers, wholesalers, and distributors. Having worked with Canadian fisheries for 40 years, I wanted to examine how deeply Canadian fresh imports are embedded in the US supply chain.

To conduct our analysis, we looked at the actual import figures in 2024 for the months of February, March, and April...

ANALYSIS: 2025 Copper River Sockeye; Projected Strong Returns, Timing Key for Pricing

With 2025 projections now available for Copper River and Prince William Sound (PWS), many wild salmon market participants are expressing cautious optimism for the upcoming sockeye season in the region. While it may not feel imminent, May is only a few months away, marking the start of the 2025 wild Alaskan salmon season, with Copper River leading the way.

The Alaska Department of Fish and Game (ADF&G) has just released its 2025 forecast, indicating that sockeye returns...

Volunteer Divers Recover Body from Sunken Scallop Boat Off Maine Coast

On Sunday morning, February 2, 2025, a team of volunteer divers recovered a body from inside the cabin of the fishing vessel Sudden Impact off the coast of Maine.

The body is believed to be either Chester “Chet” Barret or his son Aaron Barret, who went missing on January 18, when the two commercial scallop fishermen from South Addison failed to return home from a fishing trip earlier in the day.

The recovered body was transported to the medical examiner’s office for formal identification. A second body was not...

New Data Shows Trudeau Policies Weakened Canadian Aquaculture Volume by 27%

According to the Canadian Aquaculture Industry Alliance’s (CAIA) recent analysis of 2023 Statistics Canada aquaculture production and trade data, the country’s aquaculture industry suffered significant losses during Prime Minister Justin Trudeau’s time in office.

Now, as 25% tariffs loom for imports into the U.S., the CAIA has determined that policy reversals are necessary.

“Aquaculture production is fast expanding and now accounts for over 50% of global seafood production,” said Timothy Kennedy, President & CEO of CAIA. “It is a critical path to feeding a growing global population..."

Report Finds More Than 90% of Shoppers Now Purchase Groceries Both In-Store and Online

As grocery shopping enters a new era of digital transformation, FMI—The Food Industry Association and NielsenIQ (NIQ) today released their new report, Digital Engagement Transforms Grocery Shopping Cover for the Digital Engagement Transforms Grocery Shopping report, which premiered at FMI’s Midwinter Executive Conference. The report finds that today, more than 90% of shoppers participate in both online and in-store shopping.

In 2017, FMI and NIQ predicted that by 2025, digitally engaged grocery shopper spending would reach $100...

GSMC 2025: Does Seafood Have an Opportunity in Convenience Stores?  

Convenience stores have evolved. What was once a place to grab a coffee and a snack have become foodservice behemoths featuring ordering kiosks with thousands of items available to order.

So, where does seafood fit in?

That was the question the “Seafood in the C-Store” panel at the Global Seafood Market Conference 2025 attempted to answer.

“There’s a big opportunity around seafood in the c-store,” Harry Milloff, CEO of the Moseley Group, said to open the talk. The Moseley Group...

US Senate Committee Introduces Anti-IUU Fishing Bill for Tuna and Red Snapper Imports

On January 28, 2025, Senator Ted Cruz (Chairman of the U.S. Senate Commerce Committee), Senator Brian Schatz, Senator Katie Britt, and Senator Tommy Tuberville introduced the Illegal Red Snapper and Tuna Enforcement Act.

The bipartisan bill focuses on the development of a field test kit that can accurately test the geographic origin of red snapper and certain tuna species in order to determine if fish were caught in U.S. waters or foreign waters.

Sen. Schatz stated that the bill will help combat the efforts of pirate...

Russia Hits Record Crab Exports to China in 2024 Amid Shift to Asia

In 2024, Russia supplied China with a record-high value of crustaceans, mainly crabs, as part of its strategy to shift exports from the EU and the US to the Asia-Pacific region.

According to data from the Russian research agency Agroexport, crustacean exports from Russia to China reached a historic record of US$1.3 billion, 7% more than in 2023.

As president of the All-Russian Association of Fishery Producers (VARPE), German Zverev told Forbes Russia...

Trump Slaps Tariffs on Canada, Mexico, and China: Seafood Industry Braces for Impact, Latest Updates

After weeks of nonstop speculation, the White House confirmed that President Donald Trump would be implementing tariffs on various US trading partners, including Canada, Mexico and China.

White House Press Secretary Karoline Leavitt told reports on January 31 that Trump will implement 25% tariffs on Canada and Mexico and a 10% duty on China starting on February 1.

NBC News reported that the details of how tariffs will be distributed remained unclear, but the plan will be available for public inspection on February 1. No comments were...

Captain Fresh Secures $29M as It Prepares for 2025 IPO

Captain Fresh raised roughly $29 million in its ongoing pre-IPO funding round. The company is continuing toward a public listing by the end of 2025.

The company said it has seen its revenue grow by 5x over the past two years, while it has been active in the mergers and acquisitions front.

“We have transformed into a truly global business over the last 24 months, with more than 98% of our demand coming from outside India. Current funding enables us...

IPHC Cuts Pacific Halibut Catch Limits By More than 15% Coastwide for 2025

The International Pacific Halibut Commission adopted the lowest catch limits on record for the 2025 season. Total removals allowed will be 29.72 million pounds. That compares with last year’s total removals of 35.28 million pounds. 

Of that, total fishery removals (commercial, sports, subsistence, and accidental discharges) will be 23.79 mlbs and commercial fishery limits will be 19.71 mlbs coastwide. That does not include recreational take of 3.49 in four areas: the U.S. West Coast, British Columbia, Southeast Alaska, and Southcentral Alaska. 

The 2025 season will open ...

Willcom and Sanyo Foods to Fully Launch Oyster Business in Vietnam, Aiming a 100 MT Production

Willcom of Fukuyama City, Hiroshima Prefecture, a seafood trading company that deals in oysters and other products and trade consultants, and Sanyo Foods of Shikokuchuo City, Ehime Prefecture, a frozen food manufacturer, have teamed up to fully launch Japan's first and only new business using frozen shucked oysters from Vietnam, according to Minato Shimbun. They will take advantage of Vietnam's supply system, which produces shucked oysters year-round, and the cost benefits of tariff-free shipping under the Trans-Pacific Partnership (TPP)...

Trump’s Political Appointments: What They Mean for Commodity Markets

On January 20, 2025, Donald Trump was sworn in for this second term as US President. JD Vance also took the oath of office to become the 47th Vice President.

The new President and his political appointments have dotted headlines in the agricultural commodity space and beyond–grabbing the attention of individuals worldwide. More importantly, the people Trump is bringing aboard to lead, regulate, or deregulate the country’s industries will carry with them implications for domestic and international commodity markets...

ANALYSIS: Anchovy Catch Reaches 96.5% of Quota as Peru Closes Second Season

The second season of Peruvian anchovy (Engraulis ringens) and white anchovy (Anchoa nasus), finished in the North-Central Zone of Peru, with total catches reaching 2,419,438 metric tonnes (MT), which is 96.4% of the 2,510,000 MT quota. 

Scientific studies by the Marine Institute of Peru (IMARPE) indicated an evident reproductive activity, which led The Ministry of Production (Produce) to close the second fishing season 2024 on January 23, 2024. The spawning period is a key phase in the anchovy life cycle...

Tanner Crab Fishing Continues in Kodiak and Southern Alaska Peninsula

Tanner crab fishing continues in Kodiak but only in the federal waters of the Southeast District, which has a Guideline Harvest Limit (GHL) of 405,000 lbs. For the Eastside District, where the GHL was 155,000 lbs, it was another near-record short season—closing on Thursday, January 17, at 3 p.m., just over two days from when it opened at noon on January 15.

As of January 28, Kodiak’s federal waters of the Southeastern District (GHL: 405,000 lbs) will remain open 24 hours a day rather than the previous ...

UMaine-led Team Develops More Holistic Way to Monitor Lobster Industry

Maine’s lobster fishery — one that supports thousands of jobs statewide — is extensively monitored. Management efforts are informed by biological monitoring surveys observing changes in abundance and distribution of the lobster population, and dealer and harvester reporting from the industry. Yet these statistics don’t tell the whole story of an industry shaken by supply and market disruptions and geopolitical conflict, or the welfare of the people and communities that rely on it. 

Since the annual commercial lobster landings have declined 27% from 2016-2022, the Maine Lobstermen’s Association...