Trade War With China Drove American Lobster to New Lows in 2018
China has been an important buyer of American lobsters. In 2017, it purchased Boston lobsters worth $142 million. But the prospering trade took a downturn in 2018 when President Trump initiated a trade war with China. As a forerunner in developing the Chinese market, the lobster industry was hit hard by the president’s decision, according to media and industry reports.
Anthony Kleiner, a fisherman from New Hampshire, was not too happy, according to one article, after returning to port with a good lobster harvest in December 2018...
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