STATEWIDE – Maine’s lobster industry will benefit from the first phase of a trade deal signed by the United State and China.
The deal includes purchase agreements formalizing China’s commitment to buy more American goods and services as part of a truce in the U.S.-China trade war.
According to a news release from Maine’s senior Sen. Susan Collins, lobster is specifically highlighted in the agreement.
Collins said inclusion in the agreement is a significant victory for Maine’s lobster industry, which has been unfairly harmed by retaliatory tariffs.
Sen. Angus King also commented on the deal, saying he is concerned the language does not specify a minimum purchase amount — nor does it remove the existing tariffs so lobster can be competitively priced with Canadian lobster.