Rabobank Reports: Geopolitics Threaten the Global Seafood Industry
September 4, 2025 | 1 min to read
The global seafood industry is experiencing a profound transformation due to tariffs and trade embargoes. The shrimp sector is particularly impacted by US tariffs, which reach up to 50%, creating oversupply and price volatility. Similarly, the salmon industry faces uncertainty as potential US tariffs on Canadian salmon could disrupt the market, as Canada supplies 87% of its product to the US. This situation is stalling investments and may lead to higher consumer prices and reduced demand.
The global seafood industry is undergoing a transformation, driven by a wave of tariffs, trade embargoes, and shifting geopolitical alliances.
The global seafood industry is undergoing a seismic shift as geopolitical tensions and trade interventions reshape long-established supply chains.
The shrimp sector, producing the world’s most traded seafood, faces acute disruption from US tariffs disproportionately targeting Asian exporters. With duties reaching up to 50%, trade flows are being rerouted, triggering oversupply in alternative markets and price volatility worldwide.
The salmon industry, constrained by long production cycles and a reliance on fresh logistics, is also exposed. Potential US tariffs on Canadian salmon threaten to destabilize the entire market, as Canada sends 87% of its output to the US. The uncertainty is already stalling investment and could lead to higher consumer prices and reduced demand.
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