High Liner Foods is navigating US tariffs by reducing its reliance on Chinese sourcing to 30%. CEO Paul Jewer noted that the company’s diversified operations provide some shield against the combined 20% and 25% tariffs on China and Canada, respectively. The enterprise aims to maintain stability through a flexible supply chain.
High Liner Foods is addressing the potential challenges posed by the recent US tariffs on Canadian and Chinese imports. CEO Paul Jewer indicated that while the 20% tariffs on Chinese products and 25% on Canadian goods will affect the company, its diversified sourcing strategy provides a layer of protection. High Liner has reduced its reliance on Chinese sources to approximately 30% of its total processed output.
During a discussion at the 2025 North Atlantic Seafood Forum in Bergen, Norway, Jewer emphasized the importance of the company’s diversified operations in mitigating the impact of these tariffs. By strategically sourcing from multiple regions, High Liner aims to ensure stability and adaptability in its supply chain despite external economic pressures. The company’s headquarters is located in Lunenburg, Nova Scotia, which plays a crucial role in its operations.
In summary, High Liner Foods is strategically managing the impact of US tariffs by diversifying its sourcing locations. CEO Paul Jewer’s insights reveal that reducing dependence on Chinese imports will help shield the company from significant financial repercussions. This proactive approach coupled with a resilient supply chain positions High Liner to navigate current trade challenges effectively.
Original Source: www.undercurrentnews.com
