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ANALYSIS: Squid Market Faces New Crosscurrents Amid Recently Imposed Tariffs
Squid continues its volatile trajectory into 2025, with many of the same challenges persisting and one significant development poised to reshape the broader market landscape.
Supply across most squid species and origins entering the U.S. remains difficult to navigate, a trend that has persisted for some time. Meanwhile, the market continues to show signs of disruption, with sourcing diversification, a long-standing advantage for this wild-caught species, now proving even more critical.
A major turning point came with the introduction of new presidential legislation on April 2, establishing “Liberation Day” tariffs. This policy imposed a blanket 10% tariff on all U.S. imports effective April 5, alongside elevated duties on 57 individual countries...