The import and export trade of lobster between China and the United States has been interrupted, and more high-quality products will enter the processing plant

Published 2025년 4월 17일

Tridge summary

The article highlights the challenges faced by the lobster industry, with a focus on the impact of trade issues, particularly with China. In 2014, China imported over 9,000 tons of lobster from the US, valued at more than $200 million. However, last year, China's import of US lobster was nearly one-third of the total US lobster export, which was worth around $629 million. The industry has seen fluctuations due to tariffs, including a potential 125% tariff on American lobsters by China, which is reportedly higher than the 41% tariff on Canadian lobsters. A US lobster exporter, Stephanie Nadeau, ceased exports to China in 2024 due to the unprofitability with China's tariffs and the lower cost and freight subsidies of Canadian lobsters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Andrew Daughan, a veteran lobster industry insider and founder of New Hampshire trader Packer's Pride, told UCN: "You'll see a lot of American lobsters being sent to processing plants. At best, the live lobster market is full of challenges, and at worst, China's trade has been completely cut off." "The lobster market has been changing all the time. Before China's tariff escalation, many people in the industry said they were preparing for Trump's 25% tariff on Canada, but thanks to the US-Mexico-Canada Agreement, Canadian lobsters were not taxed in the end. The production of lobsters changes every year. It may decrease this year and increase next year. The production season will also be delayed. Coupled with the downturn in the US macro-economy, people are cutting spending, so you have to adjust pricing. There are variables every day, and we need a fulcrum. This is the nature of our industry." 202 In 2014, China imported 9,902 tons of lobster (including lobster and other ...
Source: Foodmate

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