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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. exports to lobster-loving China fall off amid tariffs
PORTLAND, Maine U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.
China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters and many other food products in July 2018 amid rising trade hostilities between the Chinese and the Trump administration.
Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax, Nova Scotia, and Moncton, New Brunswick, to handle a growing bump in exports. Canadian fishermen catch the same species of lobster as American lobstermen, who are based mostly in Maine.
The loss of business has brought layoffs to some Maine businesses, such as The Lobster Co., of Arundel, where owner Stephanie Nadeau has laid off half the 14 people she once had working in wholesale.
They picked winners, and they picked losers, and they picked me a loser, Nadeau said. There is no market thats going to replace China.
America has exported less than 2.2 million pounds of lobster to China this year through June, according to data from the U.S. federal government. The country exported nearly 12 million pounds during that same period last year. Thats a more than 80% drop.
https://www.heraldnet.com/nation-world/u-s-exports-to-lobster-loving-china-fall-off-amid-tariffs/?utm_source=DAILY+HERALD&utm_campaign=9ec11a7e05-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-9ec11a7e05-228635337
maxsolomon
(32,975 posts)It's probably better for the planet that they don't eat so much. Let the oceans recover.
Take the foot off the gas pedal, so to speak.
Submariner
(12,483 posts)so as to 'own the libs', and nothing more. Reap the whirlwind MF'ers.