National Fisheries Institute Statement on WTO Authorized Retaliatory Tariffs
WASHINGTON, DC October 13, 2020 — The World Trade Organization’s authorization of $4 billion in tariffs on U.S. exports to the European Union, as part of a dispute over aid to airplane manufacture Boeing, is bad timing.
Businesses in both the U.S. and EU are focused on economic recovery from the ongoing pandemic. Meanwhile, Trump Administration trade policy makers are working to open more markets for things like iconic American lobster. A levy on seafood, that stems from an unrelated aircraft dispute, distracts from that important work.
A new tariff fight will not help economies rebound or grow the global seafood market.
The National Fisheries Institute calls on negotiators to work to keep these trade barriers from hindering the important progress that has already been made.