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Wilbur Ross opens new front in trade war with $11M in fish farm grants

Commerce Secretary Wilbur Ross doled out $11 million Wednesday aimed at jumpstarting the U.S. aquaculture industry, or fish farming, and limiting dependence on foreign seafood imports. “With such vast coastlines, there is no reason the United States should be importing billions of pounds of seafood each year,” Ross said. Growing a domestic aquaculture industry would create jobs while making the nation more food secure, he said.The U.S. imported more than 6 billion pounds of seafood, more than $21.5 billion worth, in 2017, according to the agency. The biggest foreign suppliers include Canada, China, and Chile. Ross and the Trump administration have called for lowering the trade deficit.

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Washington Examiner
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