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.
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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