China threatens tariffs on US lobsters as business booms
Source: Associated Press
Patrick Whittle, Associated Press
Updated 4:50 pm, Friday, June 15, 2018
PORTLAND, Maine (AP) A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood.
Chinese officials announced the planned lobster tariff along with hundreds of other tariffs amid the country's escalating trade fight with the United States. China said it wants to place new duties on items such as farm products, autos and seafood starting on July 6.
The announcement could have major ramifications for the U.S. seafood industry and for the economy of the state of Maine, which is home to most of the country's lobster fishery. China's interest in U.S. lobster has grown exponentially in recent years, and selling to China has become a major focus of the lobster industry.
"Hopefully cooler heads can prevail and we can get a solution," said Matt Jacobson, executive director of the Maine Lobster Marketing Collaborative. "It's a year round customer in China. This isn't good news at all."
Read more: https://www.chron.com/news/us/article/China-threatens-tariffs-on-US-lobsters-as-12998659.php
dembotoz
(16,808 posts)Customers are easy to lose and hard to get back
Kittycow
(2,396 posts)of lobster to China and the EU lately. I briefly googled it and the US Seafood Associations were bitching about it.
SergeStorms
(19,204 posts)Good. Hit more Trumptards right where it hurts, in the bank account. It's "tough love" but it has to be done to wake them up from their Trump-induced comas.
Kittycow
(2,396 posts)roamer65
(36,745 posts)Dump said there would be a lot of winning. He just didnt tell people it would be other countries.
paleotn
(17,931 posts)Well, not the lobsters themselves, but certainly for the fishermen up there.
sinkingfeeling
(51,461 posts)Judi Lynn
(160,545 posts)WhiteTara
(29,718 posts)Cheap lobster in the US this season.
Trump got one EV because he won one district
The rest of the E.V.s went to Clinton
Kittycow
(2,396 posts)It hasn't gone Republican since 1988. It also covers almost 80% of Maine's land mass.
I ran across the info when I was trying to figure out who the lobster industry voted for. I tried to find the main occupations of this district but couldn't find it.
It's rural though, so I'm guessing farmers of some sort.
mainer
(12,022 posts)and far more conservative than southern/coastal Maine.
But lobstermen live along the coast, so they're probably less conservative. I suspect they went 50/50 for Hillary.
Kittycow
(2,396 posts)heaven05
(18,124 posts)I hope this POS called potus makes 66 million wypipo happy.