Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
How U.S.-China trade war is pinching profits for Maine's lobster industry
Posted
September 13, 2019
Views
23,282
Likes
156
Engagement
0.67%
September 13, 2019
23,282
156
0.67%
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8:39Now PlayingTrade tensions between the U.S. and China are not expected to ease anytime soon, and in New England, tariffs are clawing away at lobster profits. Lobstering is a $1.5 billion industry that helps keep Maine’s economy afloat. But due to China’s retaliatory 25 percent tariff on U.S. crustaceans, it’s Canada that is gaining the competitive edge. Economics correspondent Paul Solman reports.
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