Home Current News US exports to lobster-loving China go off cliff amid tariffs

US exports to lobster-loving China go off cliff amid tariffs

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US exports to lobster-loving China go off cliff amid tariffsU.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the Trump administration. Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax, Nova Scotia, and Moncton, New Brunswick, to handle a growing bump in exports.

Source: yahoo.com/news