Iconic New England Lobster Caught in Global Tariff Tit-for-Tat
- China could turn to Canada for the delicacy, lobsterman says
- Proposed levy has crimped the price per pound he’s able to get
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Veteran lobsterman Billy Mahoney is already feeling the pinch -- and not from the claws of his catch.
Mahoney sells his lobsters to a local dealer in Massachusetts who, in turn, sells most of the product to an increasingly lobster-hungry China. The proposed tariffs between the U.S. and the world’s second-largest economy have already lowered the price Mahoney gets for his lobsters by 50 cents a pound.