The provincial fisheries department is getting a funding boost to deal with tariff threats.
The additional $200,000 will be used to help diversify markets, according to a news release from the department. That means looking for a variety of new trading partners for the industry.
In the proposed provincial budget, the provincial has set aside $200 million for a contingency fund to deal with tariffs. The premier has previously said he would not reveal how that money would be used yet, because the province is waiting to see how tariffs affect businesses.
The U.S. has threatened to put tariffs on all Canadian exports entering the states. Currently, there is a 25 per cent tariff on steel and aluminum.
On March 20, China plans to implement tariffs on pork, canola products, seafood and aquatic plants.
The province says they want to assure people they will support workers in the sector through these challenging times.
