Home Current Layoffs hit, prices lag as tariff pinches lobster industry

Layoffs hit, prices lag as tariff pinches lobster industry

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Layoffs hit, prices lag as tariff pinches lobster industryPORTLAND, Maine (AP) — The American lobster industry is starting to feel the pinch of China’s tariff on U.S. seafood as exporters and dealers cope with sagging prices, new financial pressures and difficulty sending lobsters overseas.