Canadian lobster exporters feel ripple effect of U.S.-China trade war

The United States-China trade war is creating choppy seas for Canada’s lobster exporters. It has led to the dumping of Maine lobster — now priced out of China — in other Asian markets and Europe, said Jack Liu, president of North American operations for Zoneco, a large Chinese seafood company with a Nova Scotia operation. Dumping is when a country or company exports a product in a foreign market at a price that is lower than the price in the exporter’s domestic market. “All of a sudden they lost the Chinese market due to the 25 per cent tariff and what are they going to do? They are going to dump those amount of lobster into other parts of the world market. We have seen that,” said Liu. >click to read<19:08

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