PORTLAND, MAINE – Trade hostility from across the ocean was supposed to take a snip out of the U.S. lobster business, but the industry is getting a lifeline from its northern neighbor.
Heavy demand from Canada is buoying American lobster as both countries head into the busy holiday export season, according to federal statistics and members of the industry. It's a positive sign for U.S. seafood dealers and fishermen, even as the industry struggles with Chinese tariffs.
China emerged as a major consumer of American lobster earlier this decade, but the country slapped heavy tariffs on exports in July amid its trade kerfuffle with President Donald Trump's administration. Lobster exports slowed to a crawl.
To read the rest of the story, please go to: Associated Press
