U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the Trump administration. Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax, Nova Scotia, and Moncton, New Brunswick, to handle a growing bump in exports.

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Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • Red Lobster Is Reportedly Heading For Bankruptcy After Losing Millions On Endless Shrimp
    According to Bloomberg, Red Lobster is considering a Chapter 11 bankruptcy filing in hopes of restructuring its debts. The company has reportedly received advice from law firm King & Spalding and is ...
    04/18/2024 - 4:58 am | View Link
  • Fans Can't Hold It Together After Hearing About Red Lobster Bankruptcy News
    Red Lobster is having financial troubles, and fans are completely losing their cool over the mere thought of the restaurant chain shutting down. It was recently revealed that the beloved seafood spot ...
    04/17/2024 - 7:45 am | View Link
  • Red Lobster Is Heading For Bankruptcy After Losing Millions On Endless Shrimp
    According to Bloomberg, Red Lobster is considering a Chapter 11 bankruptcy filing in hopes of restructuring its debts. The company has reportedly received advice from law firm King & Spalding and is ...
    04/17/2024 - 5:57 am | View Link
  • York Hospital worries about losing funding because of rate reforms in Maine’s budget
    On Friday, Democratic leaders in the Legislature said they had agreed to protect the hospital through fixes in the supplemental budget. But more votes are still to come. A Mills administration ...
    04/14/2024 - 1:00 pm | View Link
  • Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.
    The Luke’s Lobster founders started an initiative called Lift All Boats in 2022 to supplement and diversify the fast-aging lobster fishing industry ... some of Maine’s business sectors ...
    04/11/2024 - 1:00 pm | View Link
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