Newfoundland and Labrador seafood industry unites to tackle U.S. tariff threats

Newfoundland and Labrador's seafood industry is uniting to address potential U.S. tariffs on Canadian seafood. A roundtable meeting, led by Fisheries Minister Gerry Byrne, included various industry leaders discussing strategies to mitigate the impact of a proposed 25% tariff. Despite a temporary pause on tariffs, the industry is exploring new markets in Asia, Europe, and Canada. The provincial government is allocating nearly $6 million to support market diversification efforts over two years, with details to be finalized before the next meeting. Negotiations for wharf prices are ongoing amid tariff concerns, complicating discussions. Industry leaders are pushing for an earlier start to the crab harvest on March 15, pending federal approval.