The imposition of 10% tariffs on Chilean exports to the US significantly impacts the salmon industry, as the US is the primary market for Chilean salmon (40% of total exports in 2024, reaching US$2.578 billion).
The Salmon Council, representing Chile's top five salmon producers, acknowledges the negative impact but stresses the need for international market diversification. They highlight Chile's existing trade relations with Japan, Australia, China, Brazil, and Asian countries.
The article discusses increased competition from other salmon-producing nations like Norway, which also face tariffs. However, the council emphasizes the Chilean salmon industry's resilience and adaptability, having overcome numerous past crises.
The council plans to strengthen bilateral relations with various countries, including through embassies and ProChile offices, and prioritize market expansion efforts in countries like India and China.
Ultimately, the council remains focused on leveraging domestic resources and strategies to mitigate the impact of the tariffs and continue to expand into new markets around the globe, given the world’s ongoing demand for Chilean Salmon.