How U.S.-China trade war is pushing lobster profit to Canada
Clip: 09/12/2019 | 8m 39s
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.
Aired: 09/12/19Video has closed captioning.
The full episode is no longer available for online streaming. Why?
Please continue to enjoy extra(s) from this episode.
Problems Playing Video?
Major corporate funding for the PBS NewsHour is provided by BNSF, Consumer Cellular, Leidos, Babbel, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.