Lobster prices plummet after tariffs take effect

[jpak]

https://www.bostonglobe.com/business/2018/07/20/lobster-prices-plummet/kCVziDHnOiDZrTusfTrRZK/story.html

The burgeoning trade war might be hitting local lobstermen after all.

<snip>

Shore prices — what dealers pay lobstermen for their catch — have dropped to about $3.75 to $3.80 a pound, compared with $5 to $5.25 a pound about two weeks ago, according to several people who work in the lobstering industry. John Drouin, a veteran lobsterman in Cutler, Maine, said he’s selling his new shells for about the same price and selling what’s left of hard shell lobsters at $6.55 a pound as of Monday.

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[Lucinda]

1. Heck of a job Trumpy!

[Sneederbunk]

2. Lobstermen, you may want to consider voting on Nov 6.

[Phoenix61]

3. Like Maine doesn't have enough problems

They are one of the states hit hardest by the opioid epidemic. Plunging a bunch more people into poverty isn't likely to help things. Add to that the loss in state tax revenues because nobody has any money to buy anything. Elections have consequences.

[Vinca]

4. I'll have to check the price at the grocery store on Monday. It's a Maine-based company,

so they might have lowered the price of fresh ones. Guess Don doesn't realize the gift he's giving us "liberal elites." LOL. Lobster rolls for everyone!