European Union to eliminate tariffs on American lobsters

BANGOR DAILY NEWS • August 21, 2020

The United States and the European Union have reached an agreement to eliminate tariffs on American lobster, federal officials announced Friday, which could boost exports for Maine’s industry hit hard by trade wars and, more recently, the coronavirus pandemic. In addition to losing some of the European market to Canada, China — a major importer of Maine lobster — imposed 25 percent tariffs on lobster in 2018 after Trump placed tariffs on many goods imported from China. The trade war led many Chinese importers to shift to buying lobster from Canada.