The rise of tariffs announced by the United States will not assume big losses for the canned fisheries sector

The rise of tariffs announced by the United States will not assume big losses for the canned fisheries sector

By Lavanguardia.com, the canned fisheries sector will not be greatly damaged by the 25% tariff hike announced by US President Donald Trump, which will take effect on October 18.

According to this medium, these new tariffs would affect 170 tonnes of canned fisheries, worth 1.2 million per year. Lower losses compared to those that would occur in all other agri-food products also affected by this tariff measure.

In a statement to the Agency EFE of Juan Vieites, General Secretary of the National Association of Canning Manufacturers (ANFACO), collected by La Vanguardia, he admitted that his concern is more focused on the United States being able to expand that provisional list and enter other preserves.

Canned fisheries affected by Trump’s tariff hike

The canned fisheries affected are mussels, cockles, knives and clams, and, to date, except for some clam preparations, the rest were not subject to any tariff,  according to La Vanguardia.

This medium also highlights that 90% of the exports of Spanish canned fisheries have inter-Community value and in the 10% remaining has a significant weight the American country, which is the main market for Spanish canned fisheries outside European Union.

Increased export of Spanish canned fisheries to the United States

La Vanguardia maintains that Spain increased the volume of export to the US by 43% in 2018 of these canned fisheries to which the tariff increase will be applied. This means that the amount of these products that Spain sends to the US already exceeds 4,400 tons.

 

Find more information about all types of canned products at Ecanners.com.