Tag Archives: tariff

With an acquisition in Nova Scotia, lobster dealers expanding into Canada to shore up their business

Ready Seafood in Portland is joining a handful of U.S. lobster companies that have opened Canadian operations, locking down year-round access to hard shell lobsters that can be exported to both China and Europe without the tariffs that have crippled other U.S. dealers. Ready is following in the footsteps of other American lobster dealers, ranging from Boston Lobster Co.,,, Dealers from both sides of the border who attended the Canadian-Maine Lobstermen’s Town Meeting in Portland last week said that having a footprint on both sides of the border is necessary >click to read<09:30

Many US lobster companies coping well with tariff impact

As the trade war between the United States and China continues, with indications that it may escalate even further, most U.S.-based lobster companies have seen their exports to China fall dramatically. Despite the decrease, many companies say the market for lobster is still strong enough to keep the impact to their companies at a minimum. Some companies that never invested heavily into Chinese exports said 2018 has been a better-than-average year. >click to read<12:36