Trade Agreement Reached! European Union to eliminate tariffs on American lobsters

The United States and the European Union have reached an agreement to eliminate tariffs on American lobster, federal officials announced Friday, which could boost exports for Maine’s industry hit hard by trade wars and, more recently, the coronavirus pandemic. Reducing the tariffs has been a priority as Maine lobstermen have been at a disadvantage compared to their Canadian counterparts with respect to exports to the E.U. since the E.U. and Canada signed a trade agreement in 2018. United States Trade Representative Robert Lighthizer and European Union Trade Commissioner Phil Hogan jointly announced the agreement Friday afternoon. >click to read< 15:10

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