Lydia Hu Fox Business' Hu goes on board the Mississippi Shrimping operation to talk to Bosarge Boats Coo Leann Bosarge about how tariffs can increase industry.
American shrimp was pleased to see the President Donald Trump Introduce his last round of tariffs this week.
On Wednesday, the President announced plans for new tariffs imported from foreign countries. New measures include a 10% default fee on foreign imports and “individualized higher” tariffs in certain countries, the White House said.
Leann Bosarge, Coo Bosarge Boats, said Fox Business' Lydia Hu On Friday, the tariffs “threw us a rescue rope” in the fighting domestic industry shrimp.
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“The American home industry shrimp has been on a miner -down trajectory as a direct consequence of unfair trade in the overseas aquaculture industry for growing shrimp in overseas,” Bosarge said. “And these tariffs threw us a rescue rope that we needed to hope to live to fight the next day in our industry in this country.”
The domestic shrimp industry in the Gulf and South Atlantic has seen the value of the shrimp that catches, with a significantly decrease, with NOAA Fishing According to the Alliance Southern Shrimp Alliance, which shows that data that show that in 2021 to $ 269 million in 2021 at $ 269 million, a business organization representing fishermen with shrimp, processors and other parties from eight countries.
Commercial ships for fishing and shrimp are seen in the fishing fishing fishing fishing in the area of wetlands along the Gulf of Mexico in Bay St. Louis, Mississippi. (Ron Buskirk/UCG/Universal Images Group through Getty Images/Getty Images)
Hu reported that shrimp believes that tariffs will help to balance the conditions with the foreign industry of shrimp.
Imports are 94% of the shrimp consumed in the US, with countries such as India, Ecuador, Indonesia, Vietnam, Thailand and Argentina, among the highest sources of imported shrimp on the southern alliance of Shrimp.
The organization stated that subsidies, forced labor and other factors have caused the production of shrimp abroad cheaper and damaged the American industry shrimp.
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Hu reported that Borsage “won paid shrimp prices she was paid at the age of 80, and of course she deals with the prices of 2025 businesses”.
The new tariffs are expected to “slow imports and prevent Americans to completely depend on foreign shrimp products, while the administration deals with harmful business policies and shortcomings for recovery”, according to Alliance Southern Shrimp Alliance.
John Williams, Executive Director of Southern Shrimp, said in Wednesday's statement that the organization was “grateful for the actions of Trump's administration” and said that tariffs “maintain US jobs, food safety and our obligation for ethical production”.
New import tariffs are scheduled to enter into force soon, while the White House claims that 10% of the basic fees will hit April 5 and mutual tariffs are expected to be 9 April.
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In revealing the tariffs on Wednesday, Trump said it was “one of the most important days, in my opinion, in American history,” the US called it. Economic independence. ”
President Donald Trump holds the chart of “reciprocal tariffs”, while on Wednesday he speaks “Make America Wealthy Again” in Rose Garden at the White House in Washington in DC. (Chip somodevilla / getty images / getty images)
The President has introduced himself to take more tariffs since entering his office. For example, in mid -March, he implemented 25% of the charges for imported steel and aluminum.
