Tag Archives: on Canadian imports
N.B.’s favourite seafood threatened by Trump: lobster industry
Fishermen would be forced to swallow a depressed price for their catch and processors would have a lot less work, shaking up a commercial enterprise that employs about 5,000 New Brunswickers on boats and another 5,000 in seafood plants. Behind the scenes, the lobster lobby is working feverishly to convince officials in the White House administration and other top Republican officials that imposing a 25 per cent tariff on seafood would be a big mistake for American consumers already reeling from the higher cost of living. The lobster market has long been deeply integrated between Canada and the United States and would be badly wounded by a trade war between the two nations. more, >>CLICK TO READ<< 19:53
N.B. lobster processors living with uncertainty as clock ticks on U.S. tariffs reprieve
Lobster processors in New Brunswick are relieved that U.S. tariffs on Canadian imports have been postponed, but there is still a possibility they will be implemented in March, creating anxiety in the industry. “That’s the frustrating bit,” Nat Richard, executive director of the Lobster Processors Association in the region, said. “It just extends the uncertainty, which is not great for business for sure.” The United States is by far the largest consumer of Canadian lobster. The concern for the lobster industry extends into the United States, as well. Chellie Pingree, the Democratic congresswoman for Maine’s 1st district, said lobster often goes back and forth between the two countries for processing. While diversification of markets is something Richard supports, he said it won’t be simple.”We’re not going to walk away from the U.S. market, whether this is a tariff or not,” said Richard. more, >>CLICK TO READ<< 13:21
