Christmas tail: Europe deal could slow yuletide lobster biz

A trade deal between Canada and the European Union could amount to a lump of coal for the U.S. at Christmastime. The Christmas season is typically a busy time of year for American seafood exporters, as the type of lobster that is native to North America is popular in some European countries around the holiday. But Canada and the EU brokered a deal this year that gets rid of tariffs on Canadian lobster exports to the 28-nation bloc. Canada, the world’s other major lobstering nation, is now at an economic advantage over the U.S. Members of the U.S. lobster industry, which is based in New England, said exports to Europe have been pretty typical this year, but they’re worried about the future. click here to read the story 11:10

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