A Chilean economist has warned that the country's total salmon export volume of the year will decrease due to U.S. tariff policy.
According to media reports, Chile exported nearly 100,000 tonnes of salmon to the U.S. in the first five months of this year, up 4.2 percent year on year, with total sales surpassing 1.12 billion U.S. dollars.
However, Cristian Andres Delgado, researcher at the School of Economics, Business, and Government at San Sebastian University, warned that the U.S. tariffs have prompted buyers to stockpile salmon in advance, which temporarily boosted shipments but is expected to weigh on exports for the rest of the year.
"For [Chile,] the U.S. is a key customer for the salmon industry, accounting for 40 to 50 percent of our exports. [Salmon] is a product with a highly elastic market. So when tariffs [are imposed], it naturally triggers early buying by consumers. But eventually, this leads to a decline in overall export volume. [We estimate that] salmon exports will drop by 10 to 15 percent this year," said Delgado.
According to a study by the San Sebastian University and the industry association SalmonChile in April, 42 percent of Chilean salmon exports are sent to the U.S., accounting for 55 percent of the American salmon market.
The 10-percent tariff announced by the U.S. in April could potentially reduce salmon exports by 571 million U.S. dollars, with a further decrease of 53 million U.S. dollars due to slower global growth, totaling a loss of 623 million U.S. dollars in exports.
Economist warns Chilean salmon exports to shrink due to US tariffs
Economist warns Chilean salmon exports to shrink due to US tariffs
Citizens of the Republic of Korea (ROK) have shared their views and expectations for future cooperation with China ahead of President Lee Jae Myung's state visit, which began in Beijing on Sunday.
Lee is making his first visit to China since assuming office in June 2025, with the state visit scheduled to run until Wednesday.
Street food vendor Jang Dong Il said he had high expectations for the visit, hoping it would lead to effective cooperation between the two countries and improvements in the economic environment for mutual benefit.
"More exchanges between the two countries would boost for the two economies. I am full of hope for a strong cooperation between President Lee Jae-myung and President Xi Jinping," he said.
"I have high hopes for this meeting between our countries' leaders. President Lee Jae Myung is visiting China between January 4 and January 7, to discuss economic, cultural and tourism exchanges.I understand about 200 to 300 South Korean corporate executives have traveled with him. I have high hopes for this. If this visit helps strengthen relations between two leaders,I believe it could lead to a win-win outcome and bring ROK and China closer together," Yang said.
"The leaders' meeting can spark dynamic exchanges in economy and culture. More exchanges between the two countries would boost the two economies. I am full of hope for a strong cooperation between President Lee Jae-myung and President Xi Jinping," said Noh Yun Ji, a teacher.
"The two can complement each other economically and continue to develop," said Kim Yoon Jung, a Seoul resident.
Dancer Yoon Ji Eun shared her experience of visiting Shanghai, saying that the delicious food suited her taste and that the city’s fashionable, clean urban environment left her with a positive impression of China.
"Last summer, I took a trip to Shanghai, and after seeing it for myself, I found the food was to my taste, and the city was modern and clean. So I came to see China as a captivating country," Yoon said.
"First of all, China is a very large country. And the food is delicious. I enjoy dishes like malatang and hot pot.I love Chinese food," Noh said.
The ROK citizens also expressed hope for strengthened people to people exchanges with China.
Recalling her time studying dance in China, Yoon said her experience highlighted the role of education in fostering cultural understanding.
"Although I don’t know much about this, as I mentioned, I went to Shanghai for dance lessons. It shows education can offer cultural experiences," she said.
South Koreans hope president’s first visit to China will enhance exchanges
