TARIFFS ON U.S. SEAFOOD IMPORTS:
DIRECT REVENUES AND IMPACTS ON PRICES
Direct Revenues From Tariffs and Their Impacts on Prices of U.S. Catfish Imports
China supplied about 8.4% of all U.S. catfish import values from 2019 to 2024. The total volume and value of U.S. catfish imports from China averaged 17.78 million pounds, valued at $30.63 million from 2019 to 2024. Significant annual revenues from tariffs imposed on catfish imports from China started in 2018 when the US-China trade war started. In 2018, the duties calculated on all catfish imports from China averaged 3.34% or a total of $1.18 million. Significant increases in the average and total calculated duties were reported from 2019 to 2024. From 2019 to 2024, U.S. catfish imports from China were subjected to calculated duties averaging 24.05% of total annual values. From 2019 to 2024, all U.S. catfish import values from China were subjected to calculated duties. The imputed average nominal prices of all U.S. catfish imports from China fell from $2.30 to 1.25 per pound from 2018 to 2024. The imputed average deflated prices of imported catfish products from China seemed to have decreased significantly in response to higher average calculated duties.
Direct Revenues From Tariffs and Their Impacts on Prices of U.S. Crawfish Imports
This presentation shows the revenue impacts of tariffs and identifies the types of U.S. crawfish imports. It shows the long-term annual U.S. crawfish imports and the major sources of U.S. crawfish imports. The bulk of crawfish imports come from China, averaging 67% since 2019. It also summarizes the calculated duties on crawfish imports per year. The U.S. crawfish imports from China are subjected to calculated duties averaging 25% of total annual values. Econometric models are estimated to determine the impacts of calculated duties on the prices of imported crawfish products. Deflated import prices of U.S. crawfish imports fell over time, at higher calculated duties, lower for frozen crawfish as compared to peeled crawfish, and lower for crawfish imports from China. Results indicate that the tariff burdens on U.S. crawfish imports are absorbed mostly by the exporting countries and not much by U.S. importers.
Tariffs on U.S. Tilapia Imports: Direct Revenues and Their Impacts on Prices
TThis updated presentation examines the revenue impacts of tariffs and identifies the types of U.S. oyster imports. It displays the long-term annual U.S. oyster imports and their primary sources. It also summarizes the calculated duties on oyster imports per year and their impacts on import prices. The direct revenue impacts of U.S. oyster imports are the sum of the calculated duties imposed on imported oyster products. Annual data on U.S. oyster imports are compiled from the NOAA Fisheries website from January 1972 to April 2025. The calculated duties on oyster imports are summarized per year per country of origin. An econometric model is estimated to measure the impacts of calculated duties on the prices of imported oyster products.his newsletter describes the revenue impacts of tariffs, identifies the types and sources of U.S. tilapia imports, and measures the impacts of tariffs on import prices. It shows the long-term annual and the major sources of the U.S. tilapia importsIt also summarizes the calculated duties on tilapia imports per year.
Tariffs on U.S. Oyster Imports: Direct Revenues and Their Impacts on Prices
This updated presentation examines the revenue impacts of tariffs and identifies the types of U.S. oyster imports. It displays the long-term annual U.S. oyster imports and their primary sources. It also summarizes the calculated duties on oyster imports per year and their impacts on import prices. The direct revenue impacts of U.S. oyster imports are the sum of the calculated duties imposed on imported oyster products. Annual data on U.S. oyster imports are compiled from the NOAA Fisheries website from January 1972 to April 2025. The calculated duties on oyster imports are summarized per year per country of origin. An econometric model is estimated to measure the impacts of calculated duties on the prices of imported oyster products.