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Yo_Mama_Been_Loggin

(108,035 posts)
Mon Aug 26, 2019, 01:47 PM Aug 2019

U.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 that’s 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. That’s 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

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U.S. exports to lobster-loving China fall off amid tariffs (Original Post) Yo_Mama_Been_Loggin Aug 2019 OP
Since we're basically eating everything in the ocean until it's all gone maxsolomon Aug 2019 #1
That's the Trump benefit Maine lobstermen get for electing Susan Collins and Paul LePage Submariner Aug 2019 #2
Huh wonder if our prices will go down? jmg257 Aug 2019 #3

maxsolomon

(33,345 posts)
1. Since we're basically eating everything in the ocean until it's all gone
Mon Aug 26, 2019, 01:50 PM
Aug 2019

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

(12,504 posts)
2. That's the Trump benefit Maine lobstermen get for electing Susan Collins and Paul LePage
Mon Aug 26, 2019, 01:54 PM
Aug 2019

so as to 'own the libs', and nothing more. Reap the whirlwind MF'ers.

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