High Liner Foods has reduced its sourcing from China to about 30% of its total processed volume to counteract U.S. tariffs, which include a 20% tariff on Chinese goods and a 25% tariff on Canadian products. CEO Paul Jewer attributed the company’s resilience to its diversified supply chain, allowing it to better navigate the challenges posed by these tariffs, as articulated during the 2025 North Atlantic Seafood Forum.
High Liner Foods has strategically reduced its dependence on Chinese sourcing, which now accounts for approximately 30% of its total processed volume. This diversification largely protects the company from the adverse effects of the newly imposed tariffs by the United States, with a 20% tariff on Chinese goods and a 25% tariff on Canadian imports. CEO Paul Jewer emphasized these insights during an interview at the 2025 North Atlantic Seafood Forum, indicating that the company’s varied operations and supply chain enable it to better navigate the impacts of these tariffs.
Despite the expected consequences of increased tariffs on High Liner Foods, Jewer maintains confidence in the company’s resilience, attributing it to their diversified processing strategy. This approach not only mitigates risk but also positions High Liner to adapt to changing trade dynamics effectively. As a leading player in the seafood sector, the company continues to focus on optimizing its supply chain to enhance operational flexibility, allowing it to respond proactively to challenges in the industry.
In summary, High Liner Foods demonstrates a proactive approach to trade challenges, particularly through its efforts to diversify sourcing away from China. By maintaining a robust processing operation and strategic supply chain management, the company aims to mitigate the impact of U.S. tariffs. This strategy highlights the importance of adaptability in a rapidly changing global trade environment, suggesting that High Liner is well-positioned to confront potential adversities.
Original Source: www.undercurrentnews.com
