US Senator Introduces Bill to Phase In 40% Tariff on Ecuadorian Shrimp
US Sen. Cindy Hyde-Smith (R-Miss.) introduced legislation Sept. 30 to phase in tariffs up to 40% on shrimp and prepared shrimp products imported from Ecuador, citing economic pressure on Gulf Coast shrimpers as Ecuador's share of the US market has grown.
The Ecuador Shrimp Tariff Act would raise duties in stages, reaching a general 40% rate by Jan. 1, 2029. It would also add a $0.10-per-kilogram duty on covered shrimp imports, use the proceeds to fund inspections of imported shrimp and catfish...
To Read Full Story Login Below.