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Canadian lobster exports boom amid U.S. trade tensions with China

byCT Report
27/08/2019
in Uncategorized
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U.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.

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Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax and Moncton, N.B., to handle a growing bump in exports. Canadian fishermen catch the same species of lobster as American fishermen, who are based mostly in Maine.

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.

“They picked winners, and they picked losers, and they picked me a loser,” Nadeau said. “There is no market that’s going to replace China.”

America has exported less than 2.2 million pounds (one million kilograms) of lobster to China this year through June, according to data from the U.S. federal government.

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