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Overregulation And Foreign Competition Dominate House Hearing On U.S. Seafood; Tariffs Mentioned But Not Embraced As Solution

The U.S. imported $1.67 billion worth of fish and shellfish so far this year – down only slightly from the $1.73 billion imported in the first four months of 2024 – when much of these items were imported under Most Favored Nation tariff rates at around 3.4%.

According to the U.S. Bureau of Labor Statistics, prices for fresh fish and seafood are 1.07% higher in 2025 versus 2024, so Rep. Min’s warning about ‘higher prices’ ignores the fact that seafood inflation is actually running below core inflation.

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