China accused of failing to buy more Maine lobster

By AP News

Share:

PORTLAND, Maine (AP) — China has failed to live up to its promise to buy more Maine lobster under a deal that opened the door to an easing of a trade war under former President Donald Trump, Maine's congressional leaders say.

FILE- In this May 29, 2020, photo, Eric Pray unpacks a lobster on a wharf in Portland, Maine. Maine’s congressional leaders say China has failed to live up to its promise to buy more Maine lobster under a deal that eased a trade war under former President Donald Trump. Maine lobster industry exports were hurt by retaliatory Chinese tariffs in 2018 and the lawmakers say the Maine lobster industry failed to see substantial export gains after China committed to buying more U.S. goods. (AP Photo/Robert F. Bukaty, File)

PORTLAND, Maine (AP) — China has failed to live up to its promise to buy more Maine lobster under a deal that opened the door to an easing of a trade war under former President Donald Trump, Maine's congressional leaders say.

Maine's lobster industry was hurt by retaliatory Chinese tariffs in 2018 and failed to see substantial export gains after China committed to buying an additional $200 billion in U.S. goods, the delegation contends.

Under the “Phase One Agreement,” China was supposed to increase purchases above 2017 levels but China has bought “almost no lobster above 2017 levels,” according to a letter Thursday by Maine Sen. Angus King, an independent, and Reps. Chellie Pingree and Jared Golden, both Democrats.

They urged U.S. Trade Representative Katherine Tai to “hold China accountable for its purchase commitments.”

Republican Sen. Susan Collins of Maine earlier sent a letter voicing the same concerns and urging “swift and appropriate action.”

Maine’s live lobster sales to China fell in the year after the lobster tariff was imposed in July 2018, and China shifted its lobster purchases to Canadian dealers, industry officials said.

The sparring over lobster came as the U.S. trade representative accused Beijing of failing to carry out market-opening promises made when it joined the World Trade Organization. China rejected the accusations.

___

This story has been corrected to show that China committed to buying an additional $200 billion, not $200 million, in U.S. goods over 2017 levels.

Share:

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter