Mon, 18 Aug 2025

Mon, 18 Aug 2025 Trump's trade war puts US love for Scottish goods to the test

The consequences of the tariff hikes are being felt across the world, and not just in direct trade with the US.
Key points: 1. Scottish salmon exporters benefit from US tariffs: The 10% tariff on Scottish salmon exports to the US has given them an advantage over Norwegian producers, who face a 15% tariff. 2. Chilean aquaculture industry forecasts trade loss of £1bn: Chile's production of Atlantic salmon for the US market is expected to decline significantly due to the tariff. 3. Alternative markets absorb diverted supply: Countries like Canada, Norway, and Chile are redirecting their products into lower-tariff export markets like the EU and parts of Asia. 4. European consumers gain from increased supply: The influx of salmon from these countries is expected to push down prices in Europe. The article highlights the complexity of trade relations and how tariffs can have far-reaching consequences, affecting not only the targeted industries but also consumers and other markets.
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