Lobster Orders Tank as Chinese Turn to Tariff-Free Canada
Lunar New Year is supposed to be the busiest time of the year for Tom Adams, whose company, Maine Coast, used to sell millions of pounds of lobster to China.
But the U.S.-China trade war has shut Maine Coast out of that market.
His former customers in China now buy their lobster from Canada, where dealers can sell a hard-shell version without the 25 percent import tariff. On a snowy Wednesday morning, on what should have been his busiest shipping day of the year...
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