US Edition
Trump's tariffs drown Brazil's fish industry
US tariffs imposed a 50% levy on Brazilian fish exports causing a one-third drop in shipments and risking layoffs of 20,000 industry workers, industry groups said.
- Washington imposed a 50 percent tariff on Brazilian fish exports, which now faces export reductions since 60 percent go to the US.
- With 400 ponds along the Rio Grande in São Paulo, Fider Pescados processed 9,600 tonnes of tilapia, 40 percent shipped to the US before tariffs.
- Amid collapsing shipments, Fider Pescados halted its expansion plan after exports dropped a third, forcing it to delay a 35 percent increase in production.
- Now, the industry’s trade group warned that some 20,000 employees could be laid off or made redundant, with Rafaela Ferreira do Nascimento admitting she is 'a bit afraid' of losing her job.
- Amid urgent market shifts, Kubitza warned that tilapia take eight months to reach shelves, unlike chicken's 40-day cycle, and employs 500 people.
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33 Articles
Coverage Details
Total News Sources33
Leaning Left4Leaning Right3Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 25%
C 56%
R 19%
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