Tag Archives: U.S. exports of lobsters to Europe
Lobsters Are A Prawn In The Trade Wars
American lobster and lobster fishers got caught in a trade war being fought on multiple fronts. The United States is battling China on one major front and the European Union (EU) on another, but as is typical in trade wars, it’s lobster production in another country that’s winning the war. In this case, Canada. If that weren’t enough, tariffs are the root cause of the trade war, but not in the way you might think. China’s tariffs on U.S. lobsters are in retaliation for President Trump’s China tariffs over intellectual property. The EU didn’t raise its tariffs on U.S. lobster, but rather lowered them on Canadian ones as part of their free trade agreement. In other words, U.S. lobsters were never meant to be the target of either Chinese or EU,,, How the lobster trade war started isn’t nearly as interesting as the efforts to stop it. >click to read< 10:28
