Maine Lobstermen Will Lose if South Korean Trade Deal is Killed
SEAFOODNEWS.COM [BDN Maine] By Lori Valigra - September 12, 2017
Maine’s traditional industries would take a hit from higher taxes if the Trump administration makes good on a threat to withdraw from a trade deal with South Korea, a major market for the state’s lobster and blueberry industries.
“Lobster companies could be in jeopardy if this [pact] is stopped,” said Tom Adams, CEO of lobster wholesaler Maine Coast of York, one of a half-dozen lobster wholesalers in Maine selling to South Korea. “It could impact the lobster industry at home from staff to the boat.”
The president hasn’t acted yet, but he recently told his advisers to prepare to withdraw from the pact. Each year...
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