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Sam Pfeifle

White House looks to offset Chinese tariffs, help lobster industry

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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. 

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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. 

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Here's an example of one side of the reaction:

 

Here's an example of the other side:

 

 

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

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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. 

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