Commercial fishing operations in the Bahamas face renewed pressure as the Trump administration prepares to impose a 12.5% tariff on exports to the United States.
Adrian LaRoda, president of the Bahamas Commercial Fishers Alliance, warned that the duties could significantly erode industry profits and depress prices for key exports, particularly lobster.
5%. The United States is the primary export destination for Bahamian seafood, making the sector highly sensitive to changes in access costs.
The levy is part of a broader trade policy shift targeting approximately 60 trading partners with duties ranging from 10% to 12.5%.
The United States is the primary export destination for Bahamian seafood, making the sector highly sensitive to changes in access costs.
Industry leaders argue that the tariffs will not be absorbed by US consumers but will instead force local producers to cut margins or reduce volumes.
This development adds to the widening scope of US trade restrictions, which also include the European Union among the targeted economies.