How U.S.-China trade war is pushing lobster profit to Canada
Clip: 9/12/2019 | 8m 39sVideo has Closed Captions
How U.S.-China trade war is pinching profits for Maine's lobster industry
Trade 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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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
How U.S.-China trade war is pushing lobster profit to Canada
Clip: 9/12/2019 | 8m 39sVideo has Closed Captions
Trade 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.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...