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September 17, 2018

Lobster industry feels the pinch of Chinese tariff; exporters deal with layoffs and sagging prices

  • China isn't dependent on the U.S. for lobster — it can import the same product from Canada.
    • By PATRICK WHITTLE
    Associated Press

    PORTLAND, Maine — The American lobster industry is starting to feel the pinch of China's tariff on U.S. seafood as exporters and dealers cope with sagging prices, new financial pressures and difficulty sending lobsters overseas.

    China is a major buyer of lobsters, and the country imposed a heavy tariff on exports from the U.S. in early July amid trade hostilities between the two superpowers. Exporters in the U.S. said their business in China has dried up since then.


     
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