American seafood sent to China for processing and re-export will be spared from the tariffs that the Asian country will apply in retaliation for the tariffs set by the United States on Chinese imports.
The news represents a relief to Seattle-based companies that rely on Chinese labour to process salmon, pollock, crab and other products.
The clarification of China’s tariffs policy was announced by John Henderschedt, US National Oceanic and Atmospheric Administration (NOAA) Fisheries’ director of international affairs, after consultations with the US embassy in Beijing.
Henderschedt said some fishmeal products also will not be subject to the 25 per cent tariff.
The tariffs that China is to implement on Friday are part of an escalating China-US trade clash.
China announced them shortly after the Trump administration announced 25 per cent tariffs on about USD 34 billion worth of Chinese exports to the US.
Those tariffs, scheduled to take effect July 6, came in response to what the Trump administration said were unfair trade practices by China.
The North Pacific fishing industry, which harvests off Alaska, exported more than USD 750 million worth of products to China in 2017.
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