News Summary March 11, 2025
ANALYSIS: Live Lobster Market Faces Uncertainty in the Wake of Tariffs
In our top story today, Liz Cuozzo analyzes the live lobster market, which is seeing some disruptions due to persistent winter conditions, including particularly strong winds, which have resulted in fewer productive days at sea and consequently lighter landings. Maine's 2024 lobster harvest totaled approximately 86 million pounds, marking a 15-year low, and according to NOAA, 2025 landings are down 21.11% compared to the same time last year. Meanwhile, amidst the uncertainty surrounding the temporary halt on U.S. tariffs against Mexico and Canada, China has announced the imposition of a 25% tariff on Canadian lobster, set to take effect on March 20...
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