DIRECT REVENUES FROM TARIFFS AND THEIR IMPACTS ON PRICES OF U.S. SEAFOOD IMPORTS
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.
Direct Revenues From Tariffs and Their Impacts on Prices of U.S. Catfish Imports
This newsletter describes the meaning of revenue impacts of tariffs and types of U.S. catfish imports. It shows the long-term annual U.S. catfish imports and the major sources of U.S. catfish imports. It also summarizes the calculated duties on catfish imports per year. The bulk of catfish imports come from Vietnam, averaging 89.5% since 2019. China supplied about 8.4% of all U.S. catfish import values from 2019 to 2024. The U.S. catfish imports were subjected to calculated duties averaging 8.44% of total annual values and 7.42% of total poundage. From 2019 to 2024, about 2.63% of the U.S. catfish import values from Vietnam were subjected to calculated duties. About 99.9% of the U.S. catfish import values from China were subjected to calculated duties from 2019 to 2024. There are significant negative impacts of calculated duties on the average prices of imported catfish products. These observations indicate that the tariff burdens were absorbed mostly by the exporting countries and not much by U.S. importers.
Direct Revenue Impacts of Tariffs on U.S. Shrimp Imports
This newsletter describes the meaning of revenue impacts of tariffs and types of U.S. shrimp imports. It shows the long-term annual U.S. shrimp imports and the top 5 sources of U.S. shrimp imports. It also summarizes the calculated duties on shrimp imports. A comparison of the U.S. shrimp imports from China, India, and Ecuador shows the differences in trends between a high tariff to a low tariff and no tariff shrimp imports. Attempts are made to estimate the expected revenue impacts of tariffs in 2025.