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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

U.S. lobster exports to China fall off cliff amid tariffs, but business is booming in CanadaU.S. lobster exports to China fall off cliff amid tariffs, but business is booming in Canada GlobeBusiness
Källa: globeandmail - 🏆 5. / 92 Läs mer »