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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 964 |
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It was important for the US shrimpers and the SSA that the shrimp was not imported through third countries in order to avoid the tariffs and that the country of origin was clearly labeled on the shrimp.
After John Williams and the SSA filed the petition for a second increase in tariffs on imported shrimp, foreign producers decided to pay millions of dollars directly to the SSA in order to have the petition dropped...
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Since an even high tariff would undoubtedly be passed on to the US consumers and the foreign producers. The restrictions scarred the foreign producers into settlement because the uncertainty of the shrimp market. Settlement by the foreign producers was not an omission of wrong doing- but rather an easy fix to ensure market stability...
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