U.S.-China trade war is a boon for Atlantic Canada’s lobster harvesters. But what’s the catch?
Exports of Canadian lobster rose to a record $266-million from $112-million in the 18 months between January, 2018, and June, 2019. Meanwhile, U.S. exports have plummeted, especially in Maine, where live lobster exports to China collapsed by 81 per cent between June, 2018, and the same month this year. It’s all pumping millions of dollars into Atlantic Canada, fuelling a boat-building boom, sending pickup-truck sales soaring and giving lobster crews six-figure salaries, a significant raise from the recent past. >click to read< 10:17
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