Trade tensions may hit Canada's lobster industry
By Na Li in Toronto | China Daily | Updated: 2018-09-28 07:57
Canadian lobster has been well received in China in recent years, but now the industry may be suffering a fallout from the Sino-US trade row.
Tariff cuts announced by China's Ministry of Commerce on Jan 1, 2017, were a boost to Canadian seafood exports to China.
However, China placed a retaliatory 25 percent tariff on US lobster in July, which effectively shut down the fastest-growing market for Maine lobster.
Photo