Richie Thurston sorts lobsters while processing orders for local restaurants at The Lobster Co. in Arundel on July 27. Last summer, The Lobster Co. was exporting $100,000 of lobsters a day to China, but with new tariffs placed on U.S. lobster imports to China, owner Stephanie Nadeau said exports to that country have completely dried up. (Gregory Rec/Portland Press Herald) America’s live lobster sales to China hit a two-year low in July, the first month a new tariff on Maine’s signature export took effect. The United States shipped $4.2 million worth of live lobsters to China in July, a 64 percent decline from May and June levels, according to WISERTrade, a trade analysis firm. The data shows that what had been shaping up to be a banner year for U.S. lobster sales to China collapsed after July 5, when that country levied a 25 percent import tariff on U.S. lobster. Before the tariff, the U.S. had sold $87 million worth of lobster to China, bringing 2018 year-to-date totals to more than double the $39.5 million worth of lobster the U.S. had sold to China during that same period in 2017, which had, up until 2018, had been the best year… Read full this story
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