Fact check: Trump's trade war pinched Maine's lobster industry. He falsely blames Obama.

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The president has moved to bail out the state's all-important seafood industry. But his policies caused the problem.

President Donald Trump falsely claimed Thursday that it was his predecessor who was responsible for the struggles of Maine's lobster and fishing industries.

Trump has his facts wrong. It was his trade war with China, which destabilized the industry and cost lobster fishermen big business, that precipitated his administration's bailout, while the industry achieved record sales under former President Barack Obama. The industry was also optimistic about Obama's trade talks with the European Union during his second term that could have reduced the tariffs it faces shipping to those markets. Negotiations stalled after Trump's win, and during his administration, the U.S. industry has suffered as the E.U.'s trade deal with Canada has given Canadian lobstermen a big leg up on the lucrative trade.

International markets, demand and even the logistics of shipping overseas have been similarly upended by the coronavirus.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course... all he knows how to do is lie DonTheCon LiarInChief

He blames Obama for everything. Makes me want to vomit.

Of course he does that, Trump is obsessed with President Obama ans is incapable of taking personal responsibility on anything.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines