March 15, 2019 — Just over eight months since the start of a trade war between China and the United States, the Maine lobster industry is still coping with the affects of a 25 percent tariff on their goods.
Maine had been on track to more than double the value of exports to China, with USD 87 million (EUR 76.9 million) worth of the crustacean being sold through June 2018, compared to roughly half that value through the same period in 2017. However, once China implemented a 25 percent tariff on a wide list of goods from the U.S., shipments of live lobster from Maine to China plummeted to the point that they were almost nonexistent compared to the start of the year – and things haven’t changed much since then.
“The tariff story has dominated the media, and lobster has been the case study,” Annie Tselikis, executive director of the Maine Lobster Dealers’ Association, told SeafoodSource. “We’ve been vocal about it because it really has impacted the business.”
The market, which had seen explosive growth in the past few years, suddenly dried up overnight, for reasons completely out of the hands of Maine companies shipping live lobsters to China.
Even with the challenges, however, companies that focused on live lobster shipments have managed to make up ground by re-focusing efforts in other areas.