America sent more than US$140 million in lobsters to China in 2017 and 2018, but exports fell to about US$51 million in 2019 because of heavy tariffs imposed during the trade war. PORTLAND, Maine: America's lobster exporters recovered from the Trump-era trade war with China to have a good 2020. But the industry is approaching one of the most critical times of the year with trepidation because of the coronavirus.
“It started in spring, and it held right up until a couple weeks ago,” Marceau said. “We sold a lot of product. We've just lost getting a Chinese New Year because of COVID.”Lobster exports to China have been strained in the US for a couple of years because of instability brought to the business by former President Donald Trump's trade hostilities with the country, which is a huge buyer of seafood.
But now, China is currently enforcing strict rules about food importation because of the coronavirus, said John Sackton, an industry analyst and founder of SeafoodNews.com. Shipping itself is also more difficult because of the toll of the coronavirus on shipping businesses, he said.“There are all these logistics things that are throwing sand in the gears of the seafood trade,” Sackton said. “The financial risk for the importer has gone up.
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