Marketplace®

Daily business news and economic stories

Another victim of the trade war: lobsters from Maine

Tariffs always come with a catch.

Maine has a lobster surplus.
Maine has a lobster surplus.
Justin Sullivan/Getty Images

Maine has been one of China’s largest suppliers of live lobster exports for the past 10 years. But after a 25 percent retaliatory tariff, the supply chain has shifted to Canada. While American lobster businesses scramble to find new buyers, Canada’s are thriving. Marketplace host Kai Ryssdal spoke to Bloomberg’s Shawn Donnan about the fate of Maine’s lobster industry. 

“The catch from Maine has just been soaring over the last 10 years,” Donnan said. “They’ve been hitting record levels and they need to find a market for that surplus lobster.”

 Click the audio player above to hear the interview. 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    32 minutes ago
    25:41
  • Marketplace Morning Report
    8 hours ago
    6:43
  • Marketplace Tech
    13 hours ago
    11:19
  • Make Me Smart
    a day ago
    16:01
  • This Is Uncomfortable
    11 days ago
    56:05
  • Million Bazillion
    a month ago
    32:45