China has threatened a 25% tariff on all seafood imports from the U.S. U.S. seafood exports to China are worth about $1 billion dollars, and Alaska makes up more than $750 million of this. The tax is intended to begin next month.
Governor Walker is confident that Alaska's unique position in the trading arena leaves room for negotiation: "Alaska has abundant resources, from natural gas and seafood to beer and baby food," Walker said. "These resources enable our state to dramatically reduce the trade deficit between the United States and China, if we can finalize agreements to increase exports of our products."
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