China increases its U.S. lobster tariff, and dealers 'can't believe this is happening again'

[jpak]

https://www.pressherald.com/2019/08/23/china-increases-its-u-s-lobster-tariff-again/

China is raising its tariff on U.S. lobster imports yet again, from 25 to 35 percent, delivering more bad news to an industry that has seen sales to its fastest-growing international market fall 46 percent as a result of the U.S.-China trade war.

“It’s not great news for the lobster industry,” Annie Tselikis, executive director of the Maine Lobster Dealers Association, said Friday. “Our businesses have been struggling in the Chinese market for the last year, so the additional tariff is certainly not helpful.”

Dealers reeled at the news, Tselikis said, adding that “I can’t believe this is happening again” was a common refrain.

Tselikis said it was too soon to know if the competitive damage from a 35 percent tariff will be any worse than the 25 percent one that sent sales to China tumbling. The answer will probably vary from Chinese importer to importer, Tselikis said. At this point, any extra market loss would be painful, she said.

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[duforsure]

1. Just another group

Getting the trump trade slump blues, and running from him, and the kgbop now. Putin's smiling about this.