Your new post is loading...
Prices are at record levels and demand is growing for fishermen north of the border after China imposed tariffs on live lobsters
|
Scooped by Graham Watson |
Scoop.it!
No comment yet.
Sign up to comment
A lovely example of an unintended consequence of the ongoing US-China trade war, with Canadian lobster fishermen the beneficiary of Chinese tariffs on the export of live lobsters from the US.
Â
However, you have to ask if this is a good thing? The Canadian lobsters aren't the first choice of the Chinese consumer and they are only being bought because - after the imposition of the tariff - they are now cheaper than the American equivalent. This doesn't suggest to me that there are many gainers from this transaction, apart from the Canadian fishermen.