High Liner Foods is mitigating the impact of US tariffs by diversifying its sourcing. The company has reduced its reliance on China to 30% of total processed volume. CEO Paul Jewer highlighted the importance of the company’s diversified processing operations and supply chain in providing some protection against tariffs on Canadian and Chinese products.
High Liner Foods has recently adjusted its sourcing strategy, reducing its reliance on China to approximately 30% of its total processed volume, as stated by CEO Paul Jewer during the 2025 North Atlantic Seafood Forum in Bergen, Norway. This strategic move comes in light of significant tariffs imposed by the United States, which entail a 25% tariff on Canadian products and a 20% tariff on Chinese imports. Despite these challenges, Jewer emphasized that High Liner’s diversified processing operations and supply chain provide a degree of protection against these tariffs.
In conclusion, High Liner Foods is navigating the impact of US tariffs through diversification in its sourcing strategies. By reducing dependence on China and enhancing its operational capabilities, the company aims to mitigate financial risks associated with increasing tariffs on both Canada and China. This proactive approach positions High Liner to maintain resilience in a challenging market environment.
Original Source: www.undercurrentnews.com
