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International Business Times

Business

Trump's Tariffs Drown Brazil's Fish Industry

Fish United States Brazil Donald Trump

Sergio Secco, an employee of Fider Pescados, is worried that the impact of US President Donald Trump's tariffs on Brazilian fish products could cost him his job (Credit: AFP)

When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Their final destination is now uncertain because of US President Donald Trump's stiff tariffs.

Fish are one of the Brazilian products subject to a whopping 50 percent levy imposed by Washington a week ago -- a stunning blow to the industry, which now fears layoffs, given that 60 percent of its exports go to the United States.

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