Posted on Feb 7, 2019
Maine lobster orders tank as Chinese turn to tariff-free Canada
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What had been one of the busiest times of the year is a reminder of the devastating impact of the U.S.-China trade war and of the need to refocus on domestic Chinatowns and new Asian markets.
Maine lobster orders tank as Chinese turn to tariff-free Canada
Posted from pressherald.com
Food/Chow
China
Canada
State of Maine
Fishing
Posted 6 y ago
Responses: 3
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LTC Eugene Chu
If there are lower prices, US lobster fisherman financially suffer due to smaller profit margin
https://miami.cbslocal.com/2018/07/06/china-trade-war-hits-keys-lobster-fishermen/
https://miami.cbslocal.com/2018/07/06/china-trade-war-hits-keys-lobster-fishermen/
China Trade War Hits Keys LobsterFishermen
China fires back with $34 billion in tariffs on U.S. goods, of the 545 products getting slapped with a 25 percent tariff by China were Florida lobsters.
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LTC Eugene Chu
Cynthia Croft - Hard to band together with allies during current time. Although we are still conducting business with neighbors Canada and Mexico, significant rifts exist in our trade relations
https://business.financialpost.com/news/economy/update-1-uncertainty-over-u-s-trade-policies-hitting-canada-bank-of-canada
https://business.financialpost.com/news/economy/update-1-uncertainty-over-u-s-trade-policies-hitting-canada-bank-of-canada
U.S. trade uncertainty is holding back Canadian business investment, Bank of Canada warns
Weak loonie will help support economy during slower growth
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Canadian Dollar is 75 Cents USD as well.
http://www.halifaxgateway.com/en/home/successstories/canadian-lobsters-fly-first-class.aspx
http://www.halifaxgateway.com/en/home/successstories/canadian-lobsters-fly-first-class.aspx
Canadian Lobsters Fly First Class | Halifax Gateway
Korean Air Cargo is soaring to new heights out of Halifax Stanfield International Airport, thanks to a growing demand for Canadian lobster. Exports of live lobster to China have skyrocketed more than 400% in the last five years.
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I'm all for supporting local lobstermen, however if the Canadians want to deplete their natural food resources for unsustainable demand and short-term, economic gains, then go right ahead.
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