Tag Archives: retaliatory tariffs
CARES Act: Lobstermen may get up to $50 million in pandemic relief funds
Whatever the relationship between China and the United States — particularly the lobster industry — may be, Maine lobstermen are certainly living in interesting times. Last week, a scant two months before the upcoming presidential election, the U.S. Department of Agriculture announced that it 
would soon release some $530 million appropriated by Congress last March under the CARES Act to assist the U.S. seafood industry and fishermen damaged by retaliatory tariffs. Those tariffs have been imposed primarily by China and the European Union on imports of U.S. live and processed seafood. >click to read< 16:58
Memorandum on Protecting the United States Lobster Industry
Protecting the United States Lobster Industry By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. On May 22, 2018, the United States Trade Representative (Trade Representative) concluded an investigation under section 301 of the Trade Act of 1974, as amended (19 U.S.C. 2411), finding that China had engaged in multiple unreasonable and discriminatory trade practices that had harmed American intellectual property rights, innovation, and technology development. In response to China’s unfair and unreasonable conduct, the United States imposed tariffs on several categories of Chinese products. Rather than reform its practices, China responded to the Trade Representative’s findings with unjust retaliatory tariffs designed strategically to inflict financial harm on America’s farmers, fishermen, and workers in other industries. >click to read< 10:02
