U.S. Lobster Exports to China in Freefall
Lobster exports out of Maine are free-falling this year as a result of trade hostilities between the United States and lobster-hungry China, the Associated Press reports, according to The Daily Beast.
Now, lobstermen in Canada, who catch the same species of lobster as American suppliers, are
profiting off the slack. Canada’s lobster exports neared $200 million through June, while America’s exports through June were valued at less than $19 million—over $70 million less than the previous year. Despite sustained domestic demand, the Chinese tariffs have taken a toll on lobster businesses in Maine, forcing some to lay off workers working in wholesale, according to the report.
However, I wouldn’t be surprised to see some open sea “smuggling” of American lobster into Canada where it is then sold to China but this would still hurt land-based Maine lobster workers.