Luke’s Lobster Wants Trump to Bail Out Lobster Industry Amid China Trade War
Restaurant chain Luke’s Lobster wants the Trump administration to give Maine fishermen a financial bailout to ease tensions caused by the trade war with China.
“Because of tariffs, Maine businesses that have serviced accounts in China and the EU are losing that business to Canadian companies who now have huge trade advantages,” the company’s founder and CEO Luke Holden told Observer in a statement. “Maine lobster businesses are left to compete more heavily with each other for domestic accounts, which is driving margins for...
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