News

Experts say that Maine’s lobster industry might take a hit due to New Tariffs

Experts say that Maine’s lobster industry might take a hit due to New Tariffs

Photo: 560 WGAN Newsradio


President Donald Trump signed his orders to impose a 25% tariff on imports from Canada and Mexico which may hit consumers on prices from wood products, vehicles to even seafood.

Over the last few years Maine lobstermen have had to deal with new rules and regulations that aim to protect the lobster population and right whales.

The industry could be facing yet another hurdle with the tariffs.

USM economics professor Dr. Rachel Bouvier says that this could have a negative impact on the Maine economy as Canada is one of the state’s biggest trade partners.

She says that one of the reasons that Trump wants to raise tariffs is because we have a major trade deficit with Canada and many other countries.

Another reason is to pressure Canada into reducing the flow of immigration into the United States.

CBS 13 reports that the Executive Director of Maine Lobster Marketing Collaborative Marianne Lacroix says that the lobster industries in the US and Canada are intertwined.

Most of Maine’s lobster catches are in the Summer and Fall while Canadas lobster catches are primarily in the Winter and Spring, which allows dealers to keep customers supplied year-round.

Higher tariff businesses will likely pass off the cost onto the consumer, which means that we could see a decrease of lobster sales around the country.

Latest Headlines

5 hours ago in Local

Man to serve 2 life sentences for fatally shooting couple in front of their children in Westbrook

A Maine man who fatally shot a couple in Westbrook in front of their children has been sentenced to life behind bars.

5 hours ago in Local

1 man found dead after fire destroys off-grid home in Sumner

Crews found one person dead after fire destroyed an off-grid residence in Sumner.

7 hours ago in Lifestyle, Trending

Parents under pressure offer creative tips for moving Santa’s spy Elf on the Shelf

Elf on the Shelf, who turns 20 this year, has created lots of family memories, laughter and the occasional parental panic over where to move the elf next.

13 hours ago in Local

Frigid Cold Tonight in Maine, Pattern to Continue for Weeks

Close-up of mercury thermometer

It's going to remain colder than normal in Maine because of the current weather pattern.

1 day ago in Local

Maine Issues Another Recall of Marijuana Products

The products were sold at 22 cannabis retailers across the state.