Jump to content

White House looks to offset Chinese tariffs, help lobster industry


Recommended Posts

Here in Maine, this is getting a mixed reaction, as many are noting that Trump created the tariffs he's now working to provide a fix for, but it's still likely going to mean money in Mainers' pockets. 

Quote

 

Though details are still developing, the executive order is expected to give the lobster industry the same assistance farmers received as a result of the retaliatory tariffs coming from China.

The president has also pledged to monitor the phase one trade agreement with China, which includes China's commitment to buy $150 million in products from the U.S. lobster industry.

The order also commits to a closer look at the trade disparities that have developed between Canada, Europe and the United States regarding lobster exports.

 

The lobster people could sure use the help, so no looking a gift horse in the mouth, I guess. 

Link to post
Share on other sites
  • 2 weeks later...

Here's a good attempt by the Bangor Daily News to explain what's going with this Executive Order:

Quote

Trump’s memo has less teeth than an executive order. The latter is a legally binding mandate from the president to agencies. Trump, a Republican, and his Democratic predecessor, Barack Obama, used both types of orders.

If anyone can figure out exactly what's happening, lemme know. 

Link to post
Share on other sites
×
×
  • Create New...