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Atlantic Canadian lobster industry prepares for potential U.S. tariffs by diversifying markets.
As President Trump begins his second term, Atlantic Canadian seafood industry leaders are pushing for diversification of export markets to avoid potential U.S. tariffs.
Though Trump is not immediately imposing tariffs, he has ordered U.S. agencies to study trade issues.
Quebec and Atlantic Canada exported $1.6 billion in lobster to the U.S. in 2023, and industry leaders, like Geoff Irvine from the Lobster Council of Canada, advise expanding into markets in Europe, Asia, and the Middle East.
Experts caution that businesses must remain alert to tariff risks over Trump's next term.
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