Canadian lobster business booming due to U.S.-China trade war

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U.S. lobster exports to China are falling off a cliff, giving Canada an unexpected windfall

In this Saturday, Aug. 24, 2019, photo a 3.5-pound lobster is held by a dealer at Cape Porpoise in Kennebunkport, Maine. PORTLAND, Maine -- 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.

 

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