Gulf shelves say tariffs for life for their combat industry

Shrimp along the bay coast say they need more help from the federal government with cheap Import of shrimp Countries like Ecuador, India, Indonesia and Vietnam are diminishing local demand.

With reciprocal tariffs on imports from those countries at a 90 -day stand, shrimp are left to wonder if they will receive a lifespan they say desperately need them. Some shrimp farmers are ready to put pressure on measures such as covering imports of 25%.

Rodney Ollander with Louisiana shrimp Task Force over 40 years overtaken the waters of the bay bay.

The shrimp season is only one month. But Rodney said the shrimp industry has been suffering for years. Now he is working with the Trump administration, hoping to save his business.

    Shrimp on the bay shore

Some shrimp off the bay coast believe that even small tariffs can benefit from local shrimp from agricultural shrimp. (Fox / Fox news)

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“We need to put a hat on the amount of shrimp that comes in the ground,” Rodney said. “You have a lot of shrimp on the market and our price will never come back. So we hope again with these tariffs, maybe that will turn things around. This is the only thing we had to hang our hat now. We lose our industry.”

According to NOAA fishing, between 2021 and 2024, the United States spent between $ 6 billion and $ 8 billion a year on shrimp from other countries. Which makes top -notch seafood imports.

Shrimp Thomas Ollander

Thomas Ollander said the number of commercial fishermen had fallen by thousands in the last few decades. (Fox / Fox news)

In 2023 alone, NAAA’s fishing said imports of seafood in the United States were more than $ 20 billion higher than seafood exports.

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Thomas Olander with Louisiana’s shrimp association said the trade gap is making things worse.

“You can only go so far. We feel like we hit that mark,” Thomas said. “We only have one way to go now and it is back.”

Industry leaders say tariffs may be the key to their businesses to stay alive.

Shrimp pile

Louisiana’s shrimp group warns that US shrimp are undermined by cheap import. (Fox / Fox news)

“We are already getting reports that our shrimp prices are already starting to rise. So it was really good news we heard in the last few weeks. The price of our product is rising,” Thomas said. “Everything we saw for the last 2 or 3 years, during this past administration, was a lower price.”

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On Wednesday, President Trump announced a 90 -day break higher tariffs For 75 countries, although he established a universal rate of 10%.

Shrimp are struggling for major changes in politics, including the one in which the revenue from trade penalties and duties is sent to industry. That money is currently going to the Ministry of Finance.


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