In the memorandum, Trump directed the US Agriculture Department to provide lobster fishermen with the same type of assistance other parts of the agriculture sector are receiving to protect them from harmful trade practices. — Reuters pic
“If those purchase commitments are not met, the United States Trade Representative has been directed to use his discretion to impose ... reciprocal tariffs on the China seafood industry,” trade adviser Peter Navarro told reporters. He was referring to US$150 million in purchase commitments Beijing made under the so-called Phase 1 US-China trade deal.
Senator Angus King of Maine welcomed the decision and said it would make a huge difference for Maine lobstermen who had been hurt doubly by Chinese tariffs imposed in 2018 and the collapse of sales to restaurants during the coronavirus lockdowns. The US Trade Representative's office and the Maine Lobstermen's Association did not immediately respond to requests for comment.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »