Can a two-year China tariff deal protect P.E.I.’s lobster and crab industry?

Summary

• P.E.I. seafood exporters are diversifying markets by pursuing new connections in China due to trade tensions with the United States.
• Bruce Palmer of JMK Fish Mart attended a provincial trade mission to China, including the Qingdao Fisheries & Seafood Expo, Beijing, & Shanghai, where he met 40 to 50 potential buyers.
• Buyers expressed strong interest in fresh Canadian seafood products during the mission.
• Ottawa extended a deal keeping 25% additional Chinese tariffs off Canadian lobster & crab through the end of 2028, relieving industry concerns.
• The tariff relief does not cover shrimp, prawns, clams, or sea cucumbers, which remain subject to additional duties.
• In 2025, the U.S. remained Canada's largest seafood customer, purchasing $6.1 billion worth of exports (72% of total value).
• Canada's annual seafood exports to China averaged $1.3 billion between 2022 & 2025 after inflation adjustments.
• Palmer is seeking approval to ship live lobster directly to China & aims to sell live eels & bluefin tuna, though these items face regular import duties.
• Palmer believes trade barriers can be overcome in the future despite current restrictions.