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bjl1443342 : Maine lobster industry drowning in US-China trade war

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  • Maine lobster industry drowning in US-China trade war (2019-05-22)
  • The latest data from the Maine International Trade Center indicates that the state's lobster exports to China plunged dramatically in the wake of retaliatory tariffs placed on a wide range of U.S. goods. Soon after tariffs were implemented, however, Maine's exports to China nearly disappeared completely, and according to the latest data from the MITC exports have plunged nearly 84 percent since the tariffs were implemented. The latest talk on the trade front doesn't point to any improvement in those numbers any time soon. U.S. President Donald Trump threatened and then implemented further tariff increases on 10 May. In response, China fired back with its own increased tariffs, including additional tariffs on a number of seafood products.     Photo by Imaginechina
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