Imports

China is flooding the caviar market, driving down global prices

A man holds up caviar on a spoon.
Photo: Dustin Shum/South China Morning Post via Getty Images

China's total caviar exports "more than quintupled" between 2012 and 2017, as farmers are increasingly able to churn out fish eggs from wild female sturgeon at a relatively low cost, the Wall Street Journal reports.

Why it matters: The most recent data from the UN's Food and Agriculture Organization shows U.S. caviar imports from China sold for 13% less in November compared to the year prior, and nearly 50% since 2012. American caviar farmers are increasingly struggling to compete with China's dominance as the market becomes flooded with fish eggs, though the Trump administration's 10% tariffs on Chinese caviar have helped cushion the blow.

Expert Voices

Turning Trump's trade weapons into climate tools

Reprsentative Bill Pascrel speaking at a lectern
Representative Bill Pascrell. Photo: Michael Lofenfeld/Getty Images

Representative Bill Pascrell, a Democratic member of the House Ways & Means Committee that oversees U.S. trade policy, is expected to send a letter this week to Commerce Secretary Wilbur Ross asking his department to investigate whether “imports of carbon emissions” pose a national security threat.

The big picture: The largely symbolic maneuver highlights a new tactic among climate hawks: treating President Trump's aggressive use of executive powers as a template for action.