Tag Archives: Chinese tariffs
‘Out of the blue,’ Trump directs trade offset aid to Maine lobster industry
President Donald Trump directed his administration on Wednesday to provide lobster fishermen with financial assistance to make up for lost income from Chinese tariffs in a move that one of Maine’s senators praised and said “came out of the blue.” White House trade adviser Peter Navarro said Trump signed a memorandum Wednesday calling on the agency to make available to the lobster industry subsidies like those given to soybean and other agricultural growers. Maine accounts for 80 percent of the U.S. lobster haul The state’s congressional delegation lobbied for such a move in a June 2019 letter. >click to read< 21:23
The U.S.- China trade agreement will slow Canadian lobster sales to China
Even though a new U.S.-China trade agreement does not eliminate heavy Chinese tariffs, the deal will result in a loss of Canadian seafood sales to China,,, Canadian live lobster exports to China, mostly from Nova Scotia, soared after China slapped retaliatory tariffs of 35 per cent on U.S. lobsters. U.S. lobster exports tanked while Canadian sales jumped,,, The new trade deal does not lower those tariffs. But China has pledged to buy $32 billion worth of American agricultural products over the next two years, including lobster and other seafood products. >click to read< 17:38
We’ll take your lobsters, eh? Canadian imports from US soar
Trade hostility from across the ocean was supposed to take a snip out of the U.S. lobster business, but the industry is getting a lifeline from its northern neighbor. Heavy demand from Canada is buoying American lobster as both countries head into the busy holiday export season, according to federal statistics and members of the industry. It’s a positive sign for U.S. seafood dealers and fishermen, even as the industry struggles with Chinese tariffs.,, >click to read<12:05
