Tuesday, June 19, 2018

Lobster is on China's List of Retaliatory Tariffs

Chinese officials have announced a planned lobster tariff along with hundreds of other tariffs, reports the Press Herald.

Maine’s four members of Congress have expressed their concerns and wrote to President Trump last month about how the administration’s trade policies could hurt the state’s $1.5 billion-a-year lobster industry.

In the world of tariff distorted ramifications, Chinee consumers will be hurt by this tariff, as well as Maine lobstermen, but it will be a plus for U.S. consumers as more lobster will remain here.

The retaliation by China will only hurt China.

Trade war retaliation is as dumb as is the policy of tariffs launched by tariff initiators such as Trump.


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