China slaps 25 per cent tariff on N.S. lobster, throwing seafood industry into turmoil
Chinese counter tariffs on Canadian seafood will include east coast lobster. Nova Scotian exporters have heard directly from buyers in China that the 25 per cent tariff goes into effect March 20. “For America and China to simultaneously, and for entirely different reasons, target Canadian seafood is incredibly poor luck, and beyond that it is incredibly hard to comprehend,” Stewart Lamont, owner of Tangier Lobster, said on Sunday. Just over 40 per cent of Nova Scotia’s live lobster exports go to China. About 40 per cent of live lobster exports, along with 70 per cent of frozen processed lobster, go to the United States. more, >>CLICK TO READ<< 12:10
Leave a Reply