Lobster Trade Agreement

Posted: September 26, 2021 by Podwits Administrator in Uncategorized

The deal includes the first tariff cuts negotiated between Europe and America in two decades and is a “massive victory” for the U.S. lobster industry and Maine, Reynolds said. Last year, Maine fishermen landed $485 million. The industry, with its processing and wholesale weapons, injects $1.5 billion a year into the public economy. The struggles of the lobster industry in Maine have caught the attention of Washington, D.C. President Trump met with a handful of lobsters in Bangor in June and promised that his trade adviser Peter Navarro, whom he called the lobster king, would study how the United States could take back markets lost by CETA and Trump`s own trade war between the United States and China. He almost couldn`t believe it when he heard the news on Friday that Europe had agreed to remove tariffs on the United States. .

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