« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Trump's tariff war with China threatens to destabilize Maine's lobster industry

By: clo in ALEA | Recommend this post (0)
Sun, 08 Jul 18 1:37 AM | 32 view(s)
Boardmark this board | The Trust Matrix
Msg. 25980 of 54959
Jump:
Jump to board:
Jump to msg. #

Trump's tariff war with China threatens to destabilize Maine's lobster industry

In the port towns along Maine’s coastline, July is the lobster industry’s high season, but this Friday, China placed an additional 25 percent tariff on U.S. lobsters, a move that threatens to destabilize the state's leading industry.

Now, 4,500 licensed lobstermen and their distributors are on edge as Chinese seafood buyers back away from their New England product. An additional 10,000 Mainers work directly within the industry.

“I can’t say the Trump administration has been great for this business,” one lobsterman told NBC News. “We’ve been fishing more lobsters than ever and China was absorbing the product; we had a lot of hope for the future of the market.”

http://www.nbcnews.com/politics/politics-news/trade-war-threatens-destabilize-maine-lobster-industry-peak-season-n889516?cid=eml_nbn_20180707




Avatar

DO SOMETHING!




» You can also:
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next