Trade minister says she’ll keep eye on U.S. probe of Canadian lobster industry

The Canadian industry gained most of the Chinese market that the Americans lost after China slapped a 35 per cent tariff on U.S. lobster exports. Canada also saw its lobster exports grow in Europe after it signed the Comprehensive Economic and Trade Agreement, or CETA, with the European Union, giving it a tariff advantage over its U.S. competitors. The Trump administration, however, has recently signed an agreement with China that removes the 35 per cent tariff. And a separate deal with Europe also removed tariffs on American lobsters that had provided the Canadian industry an advantage. Executive Director Geoff Irvine (Lobster Council of Canada) said Monday the lobster industries of Canada and the United States are now back on an even playing field. >click to read< 07:17

This site uses Akismet to reduce spam. Learn how your comment data is processed.