Tag Archives: dropping tariffs
European Union is dropping tariffs on American lobster
President Donald Trump has signed a proclamation that finalizes an agreement with the European Union to eliminate tariffs on live and frozen lobster from the United States. In 2017, a trade agreement eliminated tariffs on live lobsters from Canada and slowly reduced and eliminated tariffs of frozen and processed Canadian lobster. At the same time, American lobster exports faced tariffs as high as 30% in the European Union. The new agreement will reduce tariffs on live and frozen U.S. lobsters to 0%, retroactive to Aug. 1. Video, >click to read< 11:24
