Atlantic lobster industry could be hurt by tariffs from China, U.S.
Atlantic Canada’s $2.9-billion lobster industry could be impacted by tariffs imposed by the United States and China, an industry spokesperson said Tuesday. “At the moment we really don’t know how much impact there will be,” said Geoff Irvine, executive director of the Halifax-based Canadian Lobster Council. China imposed a 25 per cent tariff on Canadian seafood March 20, and U.S. President Donald Trump has threatened to begin tariffs on Canadian products on April 2. Tariffs on Atlantic Canada’s lucrative lobster fishery were among the topics of discussion at the Maritime Fishermen’s Union annual convention, held in Moncton Monday and Tuesday. Irvine said Atlantic Canada exports approximately $2.9 billion worth of lobster annually, with 67 per cent going to the United States and 20 per cent going to China. more, >>CLICK TO READ<< 08:34
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