Snow crab industry predicts 'real trouble' if Trump carries out tariff threat

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snow-crab-industry-predicts-'real-trouble'-if-trump-carries-out-tariff-threatSnow crab industry predicts 'real trouble' if Trump carries out tariff threat

New Brunswick·New

As Canadian premiers work on a plan to deal with the tariffs threatened by incoming U.S. president Donald Trump, snow crab producers in New Brunswick worry about how tariffs would affect them.

Threat comes at a time when crab fishermen face significant cut in quota

CBC News

· Posted: Jan 16, 2025 11:33 AM EST | Last Updated: 1 hour ago

A plastic bin full of large brown crabs.

Snow crab producers are concerned about incoming U.S. president Donald Trump’s threats to impose a 25 per cent tariff on all Canadian imports. (Terry Roberts/CBC)

As Canadian premiers work on a plan to deal with the tariffs threatened by incoming U.S. president Donald Trump, snow crab producers in New Brunswick worry about how tariffs would affect them.

The U.S. market a huge one for snow crab fishermen and processors in the province, and tariffs could have a “very significant impact,” said Gilles Theriault, head of the New Brunswick Crab Processors Association.

“We might be left as processors with a whole bunch of crabs on our hand, and then we would be in real trouble,” said Theriault.

Theriault’s first concern is that buyers in the U.S. might just pass along the cost increase to their customers, which could lead to lower demand for snow crab.

“That could be a big concern for us because we can’t turn around on our heels and sell it elsewhere,” Theriault said.

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