Seafood is expected to be one of the products targeted by Chinese officials for additional tariffs should Trump proceed with his latest tariffs according to a front page article in today’s “New York Times” entitled “US and China Exchange Tariffs and Expand a Trade Feud.”
In recent years, the Maine lobster industry has deliberately pursued the Chinese market in which to sell lobsters – increasing the market expotenially.
In an unusual move, the four members of Maine’s US delegation issued a joint statement of concern on the planned tariffs by China.
“Maine’s lobster industry is an irreplaceable piece of our state’s economy that supports thousands of jobs and entire coastal communities. Just two weeks ago, the Maine delegation heard directly from our state’s lobster industry about the economic hardship a trade war with Chine would cause them. We will be outlining our concerns with the USTR about how these new tariffs will jeopardize this industry,” according to a press release issued by Congresswoman Chellie Pingree (D).
The National Retail Federation, which represents grocers, chain restaurants and other stores, said “the tariffs would not combat China’s abusive trade practices, but only strain the budgets of working families by raising consumer prices,” according to the “New York Times” article today.
The increased Chinese tariff would begin on July 6, 2018.