Via release:

China is imposing a 25% tariff on Canadian seafood, including lobster, starting March 20. The move is in retaliation for Canada’s recent tariffs on Chinese electric vehicles and other goods, further straining trade relations.

Nova Scotia’s seafood industry, which relies heavily on exports to China, now faces significant challenges. About 40% of the province’s live lobster exports are shipped to China, making it a crucial market for local fishers and exporters. The new tariff is expected to disrupt sales, increase costs, and put added pressure on businesses already dealing with global market instability. Industry leaders are urging the federal government to take action, warning of long-term consequences for one of the province’s most valuable sectors.

The news comes as the industry faces additional setbacks, with Clearwater Seafoods recently shutting down lobster processing at its Lockeport facility, resulting in job losses for local workers.