Nova Scotia unclear on effects of China's seafood tariff

Nova Scotia's fisheries minister, Kent Smith, recently addressed concerns about a new 25 percent tariff on Canadian seafood that China will impose starting Thursday. He said the immediate effects of this tariff are still uncertain. Smith attended a seafood expo in Boston, where he heard mixed reactions from local businesses. He described the mood among Nova Scotian companies as one of cautious optimism despite the tariff. Live lobster exports are a key part of Nova Scotia's trade with China, but Smith emphasized that there are other market opportunities to explore. He mentioned the Philippines as a possible alternative market, with at least two companies already talking to importers there. While demand for live lobster remains strong, Smith indicated there may be price adjustments, though he did not predict whether prices would rise or fall. The provincial government is monitoring the situation and has a $200-million contingency fund ready to help if needed. "It's a resilient industry that's been through a lot," Smith said, acknowledging the challenge presented by the tariff. Premier Tim Houston added that any discussions with China would go through the federal government, which handles international relations. Opposition NDP Leader Claudia Chender underlined the importance of diversifying seafood markets while protecting this valuable industry. The new tariff will affect various seafood products, including lobster, snow crab, and shrimp. Last year, China was Canada's second-largest seafood export market, with exports worth $1.3 billion.