Maine Lobster Exports Plunge 84% Since 2018 Tariffs
May 20, 2019 | 1 min to read
PORTLAND, Maine — It’s been 11 months since the first round of Chinese tariffs were announced and the Maine International Trade Center now released tangible numbers on the impact.
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President Wade Merritt says through the first quarter of the year Maine’s exports to China were down 51% and that’s not including Monday’s announcement by China, retaliating with even more tariffs on 60 billion dollars worth of U.S. goods.
NEWS CENTER spoke with Maine Coast, a lobster wholesaler in York. CEO Thomas Adams says they’ve seen revenue sink by about $10 million, forcing him and his staff to find customers in nearly 30 other countries just to make up the margins.
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