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

8 hours ago in Local

Stabbing incident in downtown Portland leads to hospitalization, arrest

Police have arrested 44-year-old Stephanie Vierkant, who's currently unhoused, on charges of domestic violence aggravated assault.

2 days ago in Local

Otisfield man charged with making bomb threat toward elementary school

A man from Otisfield is accused of making a bomb threat directed at a local elementary school.

2 days ago in Local

Central Maine Power’s rate change request met with criticism from public advocate

Central Maine Power is again requesting a rate change after its previous request was turned down by regulators.

3 days ago in Local

Waldoboro Police Looking for Missing Man

Officers first announced the man was missing last Friday.

3 days ago in Local

New Scam Targets Mainers With QR Code for Payments

The message included a QR code with payment instructions and a list of violations.