Looks like the US lobster industry is finding out trade wars aren't as "easy to win" as the Deluded in Chief believes:
U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.
China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the Trump administration.
Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax, Nova Scotia, and Moncton, New Brunswick, to handle a growing bump in exports. Canadian fishermen catch the same species of lobster as American lobstermen, who are based mostly in Maine.
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.
“They picked winners, and they picked losers, and they picked me a loser,” Nadeau said. “There is no market that’s going to replace China.”
America has exported less than 2.2 million pounds (1 million kilograms) of lobster to China this year through June, according to data from the U.S. federal government. The country exported nearly 12 million pounds during that same period last year. That’s a more than 80% drop.
In Canada, exports to China through June were already approaching 33 million pounds, which is nearly as much as all of 2018.
The value of Canada’s exports was nearing $200 million in U.S. dollars through June and was almost sure to outstrip last year’s total of more than $223 million. America’s exports through June were valued at less than $19 million, more than $70 million behind where they were through June 2018.
https://apnews.com/6482bb8522ef427c8dba0d117327f1b2?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=APEastRegion
One wonders if this will make Susan Collins' re-election chances even more uphill in 2020; it's early but it seems that her and Cory Gardner in Colorado are likely losers and that would put the Dems close to regaining the Senate.
@no1marauder saidYawn.
Looks like the US lobster industry is finding out trade wars aren't as "easy to win" as the Deluded in Chief believes:
U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.
China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products ...[text shortened]... ory Gardner in Colorado are likely losers and that would put the Dems close to regaining the Senate.
Another Trump thread.
@no1marauder saidInteresting.
U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.
Sickening that politicians can make these knee jerk decisions
without considering the consequences for the common man.
@wolfgang59 saidI don't think the common man eats much lobster
Interesting.
Sickening that politicians can make these knee jerk decisions
without considering the consequences for the common man.
@wolfgang59 saidThe one in the knee-jerk chair isn't a politician. Go figure.
Interesting.
Sickening that politicians can make these knee jerk decisions
without considering the consequences for the common man.
@no1marauder saidTrue and we are loving it here in Eastern Canada at least for now. China & Canada relations are a bit rocky at present time. I hope that gets smoothed over soon.
Looks like the US lobster industry is finding out trade wars aren't as "easy to win" as the Deluded in Chief believes:
U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.
China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products ...[text shortened]... ory Gardner in Colorado are likely losers and that would put the Dems close to regaining the Senate.
-VR
@Very-Rusty
Only when the colluder in chief gets his sorry ass booted out of office either in 2020 or impeachment. He has caused the credibility of the US to go down further than any time in US history and he is proud of it.
Like the latest tariff wars, the stock market took yet another deep plunge and the deluder in Chief blames the FED.
ANYONE but his own sorry ass.
And now, he is continuing to do Putin's bidding, trying to get Russia back in the G7.
He is turning senile and that is clear in his ever frightening tweets, now the 'chosen' one and appointed by god......
@kquinn909
This thread isn't about eating lobster is it?
It's about not exporting lobster to China and the effect that has on individuals.
The post that was quoted here has been removedWell I hope the rest of the G7 boycott the event, it’s probably outlived it’s usefulness (if it ever had any) anyway.
The added advantage is that it will give nasty and nastier time to take their bromance to a new level, plus they could do some brainstorming regarding their 2020 campaign. Perhaps the other six can pop over to Beijing for some downtime.
@sonhouse saidIt would be nice to know what the Russians have on Trump, or maybe how much money he owes them. I assume it will all come out down the road!
@Very-Rusty
Only when the colluder in chief gets his sorry ass booted out of office either in 2020 or impeachment. He has caused the credibility of the US to go down further than any time in US history and he is proud of it.
Like the latest tariff wars, the stock market took yet another deep plunge and the deluder in Chief blames the FED.
ANYONE but his own sorry ass.
An ...[text shortened]... le and that is clear in his ever frightening tweets, now the 'chosen' one and appointed by god......
-vR