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

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Sun, 08 Jul 18 1:38 AM | 32 view(s)
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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




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