Chinese tilapia 'bears' 60% US tariffs, vowing to maintain its dominant position in the US market!

Recently, Chinese tilapia producers said that they still planned to maintain their exports to the United States despite the 60% tariff threat proposed by the newly elected leader Trump of the United States. This stance highlights the resilience and determination of China's tilapia industry in the face of trade tensions.

Despite the current 25% tariff imposed by the United States on Chinese tilapia, China remains a major supplier of tilapia worldwide. Since 2018, US importers have paid up to $431.9 million in tariffs on Chinese tilapia. However, the position of Chinese tilapia in the US market remains stable, and it is difficult for other countries to replace its position. Last year, China supplied 83677 tons of frozen tilapia fillets to the United States, far exceeding Indonesia's 6375 tons and the United States' largest supplier in Latin America, Honduras' 564 tons.

However, China's exports of tilapia to the United States have declined in the past few years. During his campaign, Trump promised to increase tariffs on Chinese goods from 25% to 60%, which will undoubtedly put further pressure on an industry that is already struggling with declining imports. Nevertheless, Chinese manufacturers still hope to pass on additional costs to American buyers and bet on their stable market position.

Industry executives stated that although Brazil and Vietnam are expanding their market share in the United States, their total export volume is still relatively small compared to China's export volume. Chinese manufacturers will continue to seek ways to survive in this market, demonstrating strong resilience and determination in the face of competition from suppliers in South America and Southeast Asia.