Cross-Border Processing & Tariff Flow Dynamics
Strategic Trade Rationale: Canada exempts US seafood because Canadian processors in Atlantic Canada & BC depend on $821.4M in raw US catch (Maine lobster, Alaska salmon/crab). A 25% tariff would crush Canadian processing margins by $132M and elevate retail prices by 18.2%.
Sector Exposure & Margin Stress Ledger
| Seafood Category | Bilateral ($M) | US Origin | Loop Share | Landed Δ | Processor Exposure |
|---|