By Story by TIM SULLIVAN
Some long-sought relief appears to be in store for the struggling Gulf shrimping industry. The Commerce Department has agreed to impose duties on four countries that have been flooding the U.S. with farm-raised shrimp.
The deluge has caused the price of wild-caught Gulf shrimp to tumble to the point it threatens the entire industry. The government’s action comes after the U.S. International Trade Commission determined that the domestic shrimp industry is being “materially injured” by an overwhelming amount of foreign shrimp being sold at less than fair value in the U.S.
The investigation by the ITC, ordered by the Biden administration, found that the amount of shrimp being dumped into the U.S. market is more than what Americans consume. The import duties will be imposed on Vietnam, Indonesia, India, and Ecuador
