During a recent U.S. Senate Finance Committee hearing, Senator Bill Cassidy (R-LA) obtained a pledge from Jonathan Greenstein, President Trump’s nominee for Deputy Under Secretary of the Treasury, to support Louisiana shrimp producers and take action against unfair trade practices affecting the state’s seafood industry.
Senator Cassidy raised concerns about international financial institutions’ role in supporting foreign aquaculture that leads to increased shrimp imports into the United States. “We’re giving money to World Bank who gives money to another country for aquaculture, and then they dump their shrimp on us, putting us out of business,” said Dr. Cassidy.
He further stated, “These egregious actions by international financial institutions are basically biased toward foreign competitors, who then dump into our market.”
In response, Mr. Greenstein indicated that President Trump is seeking solutions to protect American businesses from such practices and assured that if confirmed, he would collaborate with Senator Cassidy to address these issues. Mr. Greenstein said President Trump is looking to address unfair practices hurting American businesses like shrimp dumping and that, if confirmed, he will work with Senator Cassidy to combat such practices.
