Nova Scotia’s lucrative seafood industry is bracing for market upheaval as it deals with the effects of tariffs imposed by China and awaits an identical 25 per cent duty from the United States.

China’s tariffs on Canadian seafood took effect March 20, while the U.S. duties are expected to kick in on Wednesday.

Stewart Lamont, managing director of Tangier Lobster Company Ltd., on Nova Scotia’s eastern shore, said the lobster sector is “incredibly anxious” as it waits to see how prices are affected. Lamont’s company exports live lobster to 13 countries around the world.

China’s tariffs on Canadian seafood took effect March 20, while U.S. duties are expected to kick in on Wednesday{ai:summary}<p>Nova Scotia's seafood industry faces significant challenges due to tariffs from China and impending duties from the U.S., both set at 25%. The lobster sector, particularly anxious about price impacts, is closely monitoring the situation as it exports to 13 countries globally. </p><p>#economy</p>

Already hit by China, Nova Scotia’s seafood sector braces for U.S. tariffs next week

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