Catch the Current: Tariffs and Aquaculture Insights
Tariffs on, tariffs off… Tariffs on? We’ve got whiplash this week.
The Undercurrent News team continues to follow the day-to-day chaos that is U.S. President Donald Trump’s trade war with the entire world. However, we’re not letting tariffs dominate the conversation on Catch the Current this week.
Aquaculture Industry Update from Iceland
Undercurrent‘s Dan Gibson joins Catch the Current hosts Amanda Buckle and Lorin Castiglione, fresh off his flight from Iceland, where he was covering the Icelandic Aquaculture and Oceans Forum (IAOF). Dan shares insights on Iceland’s aquaculture industry and how the country competes in the farmed salmon sector.
Also featured this week is American Seafoods’ Chief Sustainability Officer Tim Fitzgerald and At-Sea Processors Association Vice President Caitlin Yeager, who called in from Seattle, Washington, on Wednesday (May 28) to discuss the importance of the pollock industry’s Net Recycling Day.
Market Updates
Lorin provides market updates for scallops and salmon. Additionally, UCN analyst Gary Morrison updates listeners on snow crab. Listen to the latest episode below on YouTube:
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Latest Court Rulings on Tariffs
The segment dives into recent court decisions regarding tariffs, particularly with the U.S. Court of International Trade ruling that President Trump lacked authority under the 1977 International Emergency Economic Powers Act (IEEPA) to impose certain tariffs. This ruling potentially halts the 10% Liberation Day tariffs imposed last month, as well as tariffs on China and Canada.
Icelandic Aquaculture Forum Highlights
Dan Gibson shares that the recent Icelandic Aquaculture and Oceans Forum featured major industry players, including the CEO of High Liner. High Liner is eyeing investments in European aquaculture to sustain its seafood demands. Iceland currently produces only 50,000 tons of salmon annually, a small fraction compared to Norway’s 1.5 million tons.
Alaska’s Wild Fisheries Update
Meanwhile, Alaska’s wild fisheries are experiencing unique developments. Jacob Resneck reports on the Copper River’s seasonal fishing opportunities, which have paused to allow for reassessment of salmon numbers.
Pollock Industry’s Net Recycling Day
Tim Fitzgerald and Caitlin Yeager underscore the collaborative effort in the At-Sea Processors Association’s Net Recycling Day, which aims to promote sustainability in the industry. The event collectively recycled a significant amount of retired fishing nets, demonstrating a commitment to environmental responsibility.
Market Trends in Scallops and Salmon
Current market dynamics show a substantial supply in scallops, leading to price adjustments and potential impact on the overall market, as well as notable trends in the Chilean salmon market.
A Shocking Dolphin Incident in Florida
In a controversial and shocking news segment, the podcast discusses a case involving a commercial fisherman who was sentenced to prison for killing dolphins in Florida. This alarming incident serves as a reminder of the importance of conservation efforts.
Catch the full episode for these updates and more details on the seafood front!
