The incoming administration of President-elect Donald Trump is likely to bring big changes for one of the oldest sectors of the U.S. economy — seafood — and some in the industry believe the returning president will be more responsive to its needs.with major trading partners Canada and China could make an already pricy kind of protein more expensive to consumers. Conservationists also fear Trump's emphasis on government deregulation.
Losing Canada — an especially important buyer of American lobster — as a market for U.S. seafood could cause prices to fishermen to collapse, Sackton said. And some products could become unavailable while others become more expensive and still others oversupplied, he said. He described the seafood industry as “interdependent on both sides of the border.”
President Donald Trump attends a roundtable discussion with commercial fishermen at Bangor International Airport in Bangor, Maine, June 5, 2020.
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Ahead of Trump's inauguration, Trump Organization expands its global businessIt's unclear if Trump will eschew foreign business deals as he promised in 2016.
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