Tariffs Hit Maine Lobster Industry Hard in 2018

Lobstermen holding a lobster
Photo courtesy of Hayley Griffin

The latest data from the Maine International Trade Center (MITC) reports that Maine’s lobster exports to China have plunged nearly 84% in the wake of the U.S.-China trade war. China retaliated with tariffs on a variety of seafood products in response to the Trump administration’s tariffs on Chinese goods last year. Maine had been on track to have a record year, with US$87 million worth of lobster exported through June 2018, more than double the $42 million worth shipped in 2017. In May, the U.S. announced a tariff increase on Chinese goods to begin in July. The Chinese government then responded by announcing it would raise tariffs on U.S. imports.