Tariff woes devastate U.S. lobster exports to China
In 2010, China accounted for just about one percent of exports of American lobsters by value. Six years later, that figure had risen to 15 percent, and stayed that way for a while. That was until 2018 when President Donald Trump launched his trade war with China, complete with new levies on billions of dollars in goods. The Chinese government retaliated with a 25 percent tariff on U.S. lobster imports in July 2018, with an additional 10 percent added from September 1 this year.