US exports to lobster-loving China go off cliff amid tariffs.
U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.
The loss of business has brought layoffs to some Maine businesses, such as The Lobster Co., of Arundel, where owner Stephanie Nadeau has laid off half the 14 people she once had working in wholesale. In Canada, exports to China through June were already approaching 33 million pounds, which is nearly as much as all of 2018.
The American lobster industry is looking to open up new domestic and international markets to make up for the loss of China, said Marianne LaCroix, who directs the Maine Lobster Marketing Collaborative. Maine lobsterman Brian Rapp will attend a trade show in Hong Kong and a trade mission to Dubai in September to promote U.S. lobster, she said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. equity futures reopen lower, U.S.-China trade relations at new low ebbU.S. stock index futures dropped when electronic trading resumed on Sunday, with...
Read more »
China tariffs fuel Trump 'order' for firms to cut China tiesTrump is is threatening to use the emergency authority granted by a powerful, but obscure federal law to “order” U.S. businesses to cut ties in China after it announced plans to raise tariffs on $75 billion in U.S. imports.
Read more »
China warns U.S. to stop 'wrong' trade actions or face consequencesChina said on Saturday it strongly opposes Washington's decision to levy ad...
Read more »
China warns U.S. to stop 'wrong' trade actions or face consequencesChina said on Saturday it strongly opposes Washington's decision to levy ad...
Read more »
China and the US ratchet up trade war in a day of retaliation“We have a little bit of a mad King George in charge of this country right now,” Democratic presidential candidate Marianne Williamson says about President Trump and the US economy, adding that the economy “is skewed in the favor of a very few people.”
Read more »